Grand Canyon Education (NASDAQ:LOPE) Receives “Outperform” Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research report released on Thursday morning,Benzinga reports. Barrington Research currently has a $230.00 target price on the stock.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings cut shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Grand Canyon Education Stock Up 2.2%

LOPE stock traded up $3.34 during midday trading on Thursday, hitting $157.94. The company’s stock had a trading volume of 219,810 shares, compared to its average volume of 309,601. The stock’s 50-day moving average price is $169.52 and its 200 day moving average price is $184.49. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.11 and a beta of 0.74. Grand Canyon Education has a 1 year low of $149.37 and a 1 year high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 18th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.19 by $0.02. The business had revenue of $308.12 million during the quarter, compared to analyst estimates of $307.92 million. Grand Canyon Education had a return on equity of 33.01% and a net margin of 19.54%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.95 EPS. As a group, equities analysts forecast that Grand Canyon Education will post 8.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grand Canyon Education

Several institutional investors and hedge funds have recently bought and sold shares of LOPE. International Assets Investment Management LLC purchased a new position in Grand Canyon Education in the fourth quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after buying an additional 65 shares in the last quarter. Toronto Dominion Bank purchased a new position in Grand Canyon Education in the 4th quarter valued at approximately $26,000. Mather Group LLC. purchased a new position in shares of Grand Canyon Education in the 3rd quarter valued at about $29,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Grand Canyon Education during the third quarter worth approximately $32,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.