Grand Canyon Education (NASDAQ:LOPE) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Grand Canyon Education (NASDAQ:LOPE) had its price objective boosted by Robert W. Baird from $170.00 to $186.00 in a research report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com cut Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barrington Research upped their price target on Grand Canyon Education from $165.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday.

Grand Canyon Education Stock Up 5.5 %

Shares of NASDAQ:LOPE traded up $8.98 during trading on Thursday, hitting $172.52. The stock had a trading volume of 495,741 shares, compared to its average volume of 181,000. Grand Canyon Education has a 12 month low of $118.48 and a 12 month high of $172.88. The company has a market capitalization of $5.08 billion, a PE ratio of 22.90, a PEG ratio of 1.15 and a beta of 0.70. The firm’s fifty day moving average is $139.41 and its 200 day moving average is $141.36.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. Grand Canyon Education had a return on equity of 31.49% and a net margin of 21.88%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. Equities research analysts expect that Grand Canyon Education will post 7.98 EPS for the current fiscal year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $141.23, for a total value of $211,845.00. Following the completion of the transaction, the chief technology officer now directly owns 22,674 shares of the company’s stock, valued at approximately $3,202,249.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by insiders.

Institutional Trading of Grand Canyon Education

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Grand Canyon Education by 0.8% during the first quarter. Vanguard Group Inc. now owns 3,005,381 shares of the company’s stock valued at $409,363,000 after purchasing an additional 24,871 shares in the last quarter. Burgundy Asset Management Ltd. raised its position in Grand Canyon Education by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 850,343 shares of the company’s stock worth $118,971,000 after buying an additional 11,179 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Grand Canyon Education by 1.5% in the 2nd quarter. Van Berkom & Associates Inc. now owns 756,971 shares of the company’s stock worth $105,908,000 after buying an additional 11,540 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Grand Canyon Education by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 716,229 shares of the company’s stock valued at $100,197,000 after acquiring an additional 12,509 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Grand Canyon Education by 47.7% during the 2nd quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock valued at $74,452,000 after acquiring an additional 173,800 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

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.