Grand Canyon Education (NASDAQ:LOPE) Sets New 12-Month High – Time to Buy?

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $183.86 and last traded at $182.91, with a volume of 40134 shares traded. The stock had previously closed at $182.11.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets increased their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird raised their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Grand Canyon Education in a research note on Monday, January 27th.

Grand Canyon Education Stock Performance

The company has a market cap of $5.33 billion, a P/E ratio of 24.04, a P/E/G ratio of 1.37 and a beta of 0.74. The stock has a 50 day moving average price of $168.82 and a 200 day moving average price of $154.12.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Grand Canyon Education

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Grand Canyon Education in the 4th quarter worth about $27,000. Reston Wealth Management LLC acquired a new position in shares of Grand Canyon Education in the third quarter worth about $28,000. True Wealth Design LLC purchased a new position in shares of Grand Canyon Education in the third quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $32,000. Finally, Financial Life Planners purchased a new stake in shares of Grand Canyon Education in the 4th quarter valued at approximately $37,000. 94.17% of the stock is owned by institutional investors and hedge funds.

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.