Grand Canyon Education (LOPE) Cut to “Hold” at BidaskClub

BidaskClub downgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Several other analysts also recently commented on LOPE. Barrington Research reaffirmed an outperform rating and issued a $89.00 price objective (up from $85.00) on shares of Grand Canyon Education in a report on Tuesday, August 8th. Robert W. Baird reaffirmed a buy rating and issued a $100.00 price objective on shares of Grand Canyon Education in a report on Friday, December 1st. Piper Jaffray Companies reaffirmed a buy rating and issued a $102.00 price objective on shares of Grand Canyon Education in a report on Monday. ValuEngine downgraded shares of Grand Canyon Education from a buy rating to a hold rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of Grand Canyon Education from a buy rating to a hold rating in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $100.40.

Grand Canyon Education (NASDAQ:LOPE) traded up $0.31 during trading hours on Tuesday, reaching $93.91. 205,500 shares of the company’s stock traded hands, compared to its average volume of 286,840. The stock has a market cap of $4,540.00, a P/E ratio of 24.83, a PEG ratio of 1.85 and a beta of 1.35. Grand Canyon Education has a 12 month low of $56.52 and a 12 month high of $96.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.36 and a current ratio of 1.36.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. The business had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. research analysts anticipate that Grand Canyon Education will post 3.9 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its holdings in Grand Canyon Education by 92.6% during the third quarter. Public Employees Retirement System of Ohio now owns 44,939 shares of the company’s stock worth $4,081,000 after buying an additional 21,609 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Grand Canyon Education by 19.4% during the third quarter. Neuberger Berman Group LLC now owns 13,001 shares of the company’s stock worth $1,181,000 after buying an additional 2,109 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Grand Canyon Education by 6.8% during the third quarter. California Public Employees Retirement System now owns 156,710 shares of the company’s stock worth $14,232,000 after buying an additional 10,010 shares in the last quarter. Granahan Investment Management Inc. MA boosted its holdings in Grand Canyon Education by 1.1% during the third quarter. Granahan Investment Management Inc. MA now owns 215,106 shares of the company’s stock worth $19,536,000 after buying an additional 2,347 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Grand Canyon Education by 76.1% during the third quarter. Janus Henderson Group PLC now owns 135,614 shares of the company’s stock worth $12,316,000 after buying an additional 58,624 shares in the last quarter. 96.32% of the stock is currently owned by hedge funds and other institutional investors.

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About Grand Canyon Education

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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