Grand Canyon Education (NASDAQ:LOPE) Hits New 1-Year Low – Should You Sell?

Grand Canyon Education, Inc. (NASDAQ:LOPE) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $143.80 and last traded at $145.9340, with a volume of 51130 shares traded. The stock had previously closed at $147.49.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Grand Canyon Education in a report on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $180.00.

Grand Canyon Education Stock Performance

The business has a fifty day simple moving average of $160.16 and a 200-day simple moving average of $164.16. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.95 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.08. The company had revenue of $308.76 million during the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a return on equity of 34.72% and a net margin of 19.54%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.57 earnings per share. On average, equities analysts anticipate that Grand Canyon Education, Inc. will post 10.04 earnings per share for the current year.

Institutional Investors Weigh In On Grand Canyon Education

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in shares of Grand Canyon Education by 6,102.7% during the 4th quarter. Bank of Montreal Can now owns 480,460 shares of the company’s stock valued at $79,905,000 after purchasing an additional 472,714 shares in the last quarter. Norges Bank bought a new stake in shares of Grand Canyon Education during the 4th quarter valued at about $61,919,000. William Blair Investment Management LLC boosted its position in shares of Grand Canyon Education by 281.9% during the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock valued at $75,362,000 after purchasing an additional 334,486 shares in the last quarter. Reinhart Partners LLC. boosted its position in shares of Grand Canyon Education by 135.3% during the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after purchasing an additional 298,409 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Grand Canyon Education by 523.1% during the 4th quarter. UBS Group AG now owns 194,634 shares of the company’s stock valued at $32,370,000 after purchasing an additional 163,397 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

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.