Grand Canyon Education (NASDAQ:LOPE) Given “Outperform” Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research report report published on Tuesday morning,Benzinga reports. Barrington Research currently has a $230.00 price objective on the stock.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Grand Canyon Education in a report on Tuesday, October 14th. Wall Street Zen raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research downgraded Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, BMO Capital Markets decreased their price target on Grand Canyon Education from $222.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, July 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $208.67.

Grand Canyon Education Trading Up 1.1%

Shares of LOPE opened at $215.03 on Tuesday. The firm has a market cap of $6.04 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76. The company’s 50 day simple moving average is $208.01 and its 200-day simple moving average is $191.31. Grand Canyon Education has a 12-month low of $130.69 and a 12-month high of $220.79.

Grand Canyon Education (NASDAQ:LOPE) last announced its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.16. The business had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a net margin of 22.15% and a return on equity of 31.50%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. As a group, equities research analysts forecast that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Grand Canyon Education

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SJS Investment Consulting Inc. lifted its holdings in Grand Canyon Education by 5,600.0% in the third quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock valued at $50,000 after acquiring an additional 224 shares during the period. True Wealth Design LLC lifted its holdings in Grand Canyon Education by 46.0% in the third quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after acquiring an additional 64 shares during the period. Mather Group LLC. acquired a new stake in Grand Canyon Education in the third quarter valued at $29,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Grand Canyon Education by 2.5% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 16,428 shares of the company’s stock valued at $3,606,000 after acquiring an additional 400 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Grand Canyon Education by 9.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 107,264 shares of the company’s stock valued at $23,547,000 after acquiring an additional 9,627 shares during the period. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.