Zacks Investment Research lowered shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “

Other equities research analysts have also issued research reports about the stock. Barrington Research restated an outperform rating and set a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Grand Canyon Education from a buy rating to a hold rating in a research note on Wednesday, July 19th. BMO Capital Markets restated a buy rating and set a $85.00 price target on shares of Grand Canyon Education in a research note on Monday, September 18th. Finally, ValuEngine upgraded shares of Grand Canyon Education from a hold rating to a buy rating in a research note on Friday, September 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Grand Canyon Education currently has an average rating of Buy and a consensus target price of $84.25.

Grand Canyon Education (NASDAQ LOPE) traded down 0.98% during trading on Wednesday, hitting $89.22. The stock had a trading volume of 199,944 shares. The firm has a market capitalization of $4.22 billion, a PE ratio of 24.63 and a beta of 1.39. The firm has a 50 day moving average price of $83.20 and a 200-day moving average price of $78.00. Grand Canyon Education has a 1-year low of $40.02 and a 1-year high of $93.08.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.15. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The company had revenue of $218.30 million during the quarter, compared to analyst estimates of $213.08 million. During the same quarter last year, the business posted $0.59 EPS. Grand Canyon Education’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Grand Canyon Education will post $3.83 EPS for the current year.

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In related news, COO William Stan Meyer sold 20,000 shares of Grand Canyon Education stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $77.14, for a total value of $1,542,800.00. Following the completion of the transaction, the chief operating officer now directly owns 118,459 shares in the company, valued at approximately $9,137,927.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph N. Mildenhall sold 5,000 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the transaction, the insider now owns 88,798 shares of the company’s stock, valued at $7,118,935.66. The disclosure for this sale can be found here. Insiders sold a total of 66,231 shares of company stock valued at $5,128,139 over the last quarter. 3.00% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. grew its stake in Grand Canyon Education by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,113 shares of the company’s stock valued at $558,000 after buying an additional 19 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Grand Canyon Education by 1.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock valued at $284,000 after buying an additional 48 shares in the last quarter. Granite Investment Partners LLC grew its stake in Grand Canyon Education by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock valued at $1,697,000 after buying an additional 87 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Grand Canyon Education by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after buying an additional 139 shares in the last quarter. Finally, Wrapmanager Inc. grew its stake in Grand Canyon Education by 3.3% in the 2nd quarter. Wrapmanager Inc. now owns 4,650 shares of the company’s stock valued at $365,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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