Grand Canyon Education (NASDAQ:LOPE) Stock Rating Lowered by TheStreet

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Grand Canyon Education (NASDAQ:LOPE) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Tuesday, TheStreetRatingsTable reports.

A number of other research analysts have also commented on LOPE. ValuEngine lowered Grand Canyon Education from a “hold” rating to a “sell” rating in a report on Thursday. Sidoti raised Grand Canyon Education from a “neutral” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Friday, September 11th. Barrington Research reaffirmed a “buy” rating and issued a $110.00 target price on shares of Grand Canyon Education in a report on Tuesday, September 1st. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a report on Thursday. Finally, BMO Capital Markets lifted their price objective on Grand Canyon Education from $102.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Grand Canyon Education currently has an average rating of “Hold” and an average price target of $106.20.

Shares of NASDAQ LOPE opened at $79.94 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.05 and a beta of 0.51. The business’s 50-day simple moving average is $89.31 and its 200-day simple moving average is $87.67. Grand Canyon Education has a 52 week low of $57.89 and a 52 week high of $106.14.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.14. The business had revenue of $185.80 million for the quarter, compared to analyst estimates of $179.87 million. Grand Canyon Education had a return on equity of 18.04% and a net margin of 31.11%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 EPS. As a group, equities research analysts forecast that Grand Canyon Education will post 5.47 earnings per share for the current year.

In related news, insider Joseph N. Mildenhall sold 2,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $100.31, for a total transaction of $200,620.00. Following the completion of the sale, the insider now owns 24,302 shares in the company, valued at approximately $2,437,733.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jack A. Henry sold 2,325 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $86.07, for a total transaction of $200,112.75. Following the sale, the director now owns 16,319 shares of the company’s stock, valued at approximately $1,404,576.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,325 shares of company stock valued at $599,253. Corporate insiders own 1.80% of the company’s stock.

Large investors have recently modified their holdings of the business. Marshall Wace LLP bought a new position in shares of Grand Canyon Education in the 1st quarter valued at about $77,000. Amundi Pioneer Asset Management Inc. boosted its stake in shares of Grand Canyon Education by 3.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 155,770 shares of the company’s stock valued at $17,837,000 after purchasing an additional 5,329 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Grand Canyon Education by 22.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,944 shares of the company’s stock valued at $301,000 after purchasing an additional 734 shares during the last quarter. State Street Corp boosted its stake in shares of Grand Canyon Education by 2.2% in the 1st quarter. State Street Corp now owns 1,136,899 shares of the company’s stock valued at $86,728,000 after purchasing an additional 24,689 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Grand Canyon Education by 4.8% in the 1st quarter. JPMorgan Chase & Co. now owns 141,444 shares of the company’s stock valued at $10,791,000 after purchasing an additional 6,442 shares during the last quarter. 99.94% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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