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

Grand Canyon Education (NASDAQ:LOPE) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts also recently issued research reports about the company. Barrington Research reiterated an “outperform” rating and set a $165.00 price target on shares of Grand Canyon Education in a research report on Friday, September 20th. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

Grand Canyon Education Stock Down 1.4 %

Shares of LOPE opened at $131.89 on Wednesday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.12 and a beta of 0.69. Grand Canyon Education has a 52 week low of $112.38 and a 52 week high of $157.53. The stock’s 50-day moving average price is $142.09 and its 200-day moving average price is $140.78.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The business had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $223.56 million. During the same quarter last year, the company earned $1.01 EPS. The business’s revenue was up 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Grand Canyon Education will post 7.98 EPS for the current fiscal year.

Insider Transactions at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total value of $211,845.00. Following the transaction, the chief technology officer now owns 22,674 shares in the company, valued at approximately $3,202,249.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of Grand Canyon Education

Several large investors have recently bought and sold shares of LOPE. Wealth Alliance lifted its position in Grand Canyon Education by 3.8% during the second quarter. Wealth Alliance now owns 2,428 shares of the company’s stock worth $340,000 after buying an additional 89 shares in the last quarter. Capital Insight Partners LLC raised its holdings in shares of Grand Canyon Education by 2.5% during the 2nd quarter. Capital Insight Partners LLC now owns 4,229 shares of the company’s stock worth $592,000 after acquiring an additional 105 shares during the period. Allegheny Financial Group LTD boosted its position in shares of Grand Canyon Education by 4.3% during the 2nd quarter. Allegheny Financial Group LTD now owns 2,656 shares of the company’s stock valued at $372,000 after acquiring an additional 109 shares during the last quarter. Riverwater Partners LLC grew its holdings in shares of Grand Canyon Education by 0.9% in the first quarter. Riverwater Partners LLC now owns 12,716 shares of the company’s stock valued at $1,732,000 after purchasing an additional 119 shares during the period. Finally, GAMMA Investing LLC increased its position in Grand Canyon Education by 19.8% during the third quarter. GAMMA Investing LLC now owns 767 shares of the company’s stock worth $109,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Company Profile

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.