Grand Canyon Education Inc (NASDAQ:LOPE) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 557 call options on the company. This represents an increase of approximately 992% compared to the average daily volume of 51 call options.

LOPE has been the subject of a number of research reports. BidaskClub cut shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. Barrington Research restated a “buy” rating and issued a $135.00 price objective on shares of Grand Canyon Education in a report on Friday, August 10th. Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Thursday, September 6th. Robert W. Baird boosted their price target on shares of Grand Canyon Education from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. Finally, BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $123.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $133.20.

NASDAQ LOPE opened at $110.85 on Friday. The company has a quick ratio of 5.73, a current ratio of 5.73 and a debt-to-equity ratio of 0.05. Grand Canyon Education has a 52 week low of $83.52 and a 52 week high of $123.30. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.43 and a beta of 1.20.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.85 by $0.10. Grand Canyon Education had a net margin of 22.28% and a return on equity of 21.38%. The company had revenue of $236.82 million during the quarter, compared to analysts’ expectations of $235.13 million. During the same quarter in the previous year, the business posted $0.83 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. research analysts expect that Grand Canyon Education will post 4.89 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of LOPE. Tower Research Capital LLC TRC acquired a new position in Grand Canyon Education during the 2nd quarter worth approximately $118,000. Ostrum Asset Management acquired a new position in Grand Canyon Education during the 1st quarter worth approximately $132,000. HRT Financial LLC acquired a new position in Grand Canyon Education during the 2nd quarter worth approximately $213,000. V Wealth Management LLC acquired a new position in shares of Grand Canyon Education in the 2nd quarter valued at $219,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Grand Canyon Education in the 2nd quarter valued at $233,000. Institutional investors own 94.24% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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