Grand Canyon Education (NASDAQ:LOPE) Stock Rating Lowered by StockNews.com

Grand Canyon Education (NASDAQ:LOPE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

A number of other research analysts have also recently commented on LOPE. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barrington Research restated an “outperform” rating and issued a $165.00 price target on shares of Grand Canyon Education in a research note on Wednesday, August 7th.

Grand Canyon Education Trading Up 0.9 %

LOPE stock opened at $137.81 on Monday. The firm has a 50 day moving average of $145.06 and a 200-day moving average of $139.74. The firm has a market capitalization of $4.10 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69. Grand Canyon Education has a 12 month low of $110.72 and a 12 month high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. Sell-side analysts predict that Grand Canyon Education will post 7.98 EPS for the current year.

Institutional Trading of Grand Canyon Education

Hedge funds have recently modified their holdings of the company. Values First Advisors Inc. purchased a new stake in shares of Grand Canyon Education in the second quarter worth approximately $1,961,000. Cetera Investment Advisers bought a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $2,180,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Grand Canyon Education by 161.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 18,233 shares of the company’s stock valued at $2,407,000 after purchasing an additional 11,251 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Grand Canyon Education by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 321,924 shares of the company’s stock worth $42,507,000 after purchasing an additional 11,567 shares during the period. Finally, National Bank of Canada FI purchased a new position in Grand Canyon Education in the fourth quarter valued at about $1,979,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

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.