Grand Canyon Education (NASDAQ:LOPE) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Grand Canyon Education (NASDAQ:LOPE – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the stock.

LOPE has been the topic of several other research reports. Barrington Research raised their price target on Grand Canyon Education from $110.00 to $130.00 and gave the stock an outperform rating in a report on Friday, February 17th. BMO Capital Markets raised their price target on Grand Canyon Education from $125.00 to $126.00 and gave the stock an outperform rating in a report on Tuesday, February 21st.

Grand Canyon Education Stock Down 1.0 %

Shares of LOPE traded down $1.08 during mid-day trading on Thursday, hitting $109.14. The stock had a trading volume of 401,204 shares, compared to its average volume of 220,528. The company has a market cap of $3.39 billion, a PE ratio of 19.08, a PEG ratio of 1.15 and a beta of 0.60. The company’s fifty day simple moving average is $113.30 and its two-hundred day simple moving average is $102.09. Grand Canyon Education has a fifty-two week low of $78.37 and a fifty-two week high of $121.60.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last issued its earnings results on Thursday, February 16th. The company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.25 by $0.11. The company had revenue of $258.70 million during the quarter, compared to analyst estimates of $256.17 million. Grand Canyon Education had a return on equity of 30.24% and a net margin of 20.26%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.11 EPS. Equities analysts expect that Grand Canyon Education will post 6.39 earnings per share for the current year.

Institutional Trading of Grand Canyon Education

Hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its stake in Grand Canyon Education by 76.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $26,000 after acquiring an additional 137 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Grand Canyon Education by 160.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 300 shares of the company’s stock valued at $32,000 after acquiring an additional 185 shares in the last quarter. Bessemer Group Inc. raised its stake in Grand Canyon Education by 85.3% during the 3rd quarter. Bessemer Group Inc. now owns 415 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Grand Canyon Education during the 4th quarter valued at $39,000. Finally, Signaturefd LLC raised its stake in Grand Canyon Education by 17.8% during the 4th quarter. Signaturefd LLC now owns 849 shares of the company’s stock valued at $90,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

About Grand Canyon Education

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Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.