Grand Canyon Education (NASDAQ:LOPE) Earns Outperform Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a report released on Friday morning, Benzinga reports. Barrington Research currently has a $165.00 target price on the stock.

LOPE has been the subject of a number of other research reports. StockNews.com upgraded Grand Canyon Education from a hold rating to a buy rating in a research note on Tuesday, September 17th. BMO Capital Markets raised their price objective on Grand Canyon Education from $160.00 to $162.00 and gave the company an outperform rating in a research report on Wednesday, August 7th.

Grand Canyon Education Stock Up 1.0 %

Shares of Grand Canyon Education stock opened at $142.78 on Friday. The business has a 50 day moving average of $145.02 and a 200 day moving average of $140.17. Grand Canyon Education has a 52 week low of $112.38 and a 52 week high of $157.53. The company has a market cap of $4.25 billion, a PE ratio of 19.97, a P/E/G ratio of 1.16 and a beta of 0.69.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $223.56 million. During the same period last year, the company posted $1.01 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts anticipate that Grand Canyon Education will post 7.98 earnings per share for the current year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the business’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 sale, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at $3,202,249.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC bought a new position in Grand Canyon Education in the 4th quarter valued at approximately $201,000. BNP Paribas Financial Markets boosted its position in shares of Grand Canyon Education by 243.1% during the fourth quarter. BNP Paribas Financial Markets now owns 17,435 shares of the company’s stock valued at $2,302,000 after buying an additional 12,353 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Grand Canyon Education by 36.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,376 shares of the company’s stock valued at $578,000 after buying an additional 1,172 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Grand Canyon Education by 22.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,510 shares of the company’s stock worth $2,840,000 after buying an additional 3,959 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new position in Grand Canyon Education in the 4th quarter worth about $218,000. 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.