Grand Canyon Education (LOPE) Hits New 52-Week High and Low at $111.41

Grand Canyon Education, Inc. (NASDAQ:LOPE)’s share price reached a new 52-week high and low during mid-day trading on Wednesday . The stock traded as low as $111.41 and last traded at $110.44, with a volume of 316008 shares. The stock had previously closed at $110.62.

LOPE has been the topic of several research reports. Barrington Research reissued a “buy” rating and set a $115.00 target price on shares of Grand Canyon Education in a research note on Tuesday, March 6th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Robert W. Baird reissued an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Grand Canyon Education in a research note on Thursday, February 22nd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $109.60.

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The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $5,333.40, a price-to-earnings ratio of 27.76, a PEG ratio of 1.62 and a beta of 1.19.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $1.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. Grand Canyon Education had a return on equity of 21.20% and a net margin of 20.87%. The company had revenue of $271.42 million for the quarter, compared to the consensus estimate of $268.42 million. During the same quarter in the prior year, the business earned $1.01 EPS. Grand Canyon Education’s revenue was up 10.9% on a year-over-year basis. analysts forecast that Grand Canyon Education, Inc. will post 4.7 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hanseatic Management Services Inc. increased its holdings in Grand Canyon Education by 14.9% during the 4th quarter. Hanseatic Management Services Inc. now owns 4,869 shares of the company’s stock worth $436,000 after purchasing an additional 630 shares during the period. Covenant Asset Management LLC increased its holdings in shares of Grand Canyon Education by 3.5% in the 4th quarter. Covenant Asset Management LLC now owns 18,595 shares of the company’s stock valued at $1,665,000 after acquiring an additional 635 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Grand Canyon Education by 46.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock valued at $239,000 after acquiring an additional 846 shares during the last quarter. Jefferies Group LLC increased its holdings in shares of Grand Canyon Education by 15.5% in the 4th quarter. Jefferies Group LLC now owns 7,474 shares of the company’s stock valued at $669,000 after acquiring an additional 1,005 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Grand Canyon Education by 12.8% in the 4th quarter. Advisor Group Inc. now owns 10,536 shares of the company’s stock valued at $943,000 after acquiring an additional 1,194 shares during the last quarter. Institutional investors own 96.15% of the company’s stock.

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Grand Canyon Education Company Profile

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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