Grand Canyon Education (NASDAQ:LOPE) Sets New 52-Week Low – Time to Sell?

Grand Canyon Education, Inc. (NASDAQ:LOPE)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $140.23 and last traded at $140.3750, with a volume of 1043895 shares. The stock had previously closed at $141.59.

Analyst Ratings Changes

LOPE has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and issued a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 16th. Truist Financial set a $100.00 price objective on Grand Canyon Education in a research note on Tuesday, June 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $180.00.

Grand Canyon Education Price Performance

The firm has a 50-day moving average of $158.97 and a 200-day moving average of $163.93. The stock has a market cap of $3.75 billion, a PE ratio of 17.66, a PEG ratio of 0.94 and a beta of 0.56.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue lifted its holdings in shares of Grand Canyon Education by 252.6% in the 4th quarter. State of Alaska Department of Revenue now owns 16,106 shares of the company’s stock valued at $2,676,000 after acquiring an additional 11,538 shares during the last quarter. American Century Companies Inc. increased its stake in Grand Canyon Education by 180.2% during the third quarter. American Century Companies Inc. now owns 175,966 shares of the company’s stock worth $38,628,000 after acquiring an additional 113,176 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Grand Canyon Education during the fourth quarter worth approximately $1,338,000. Harbor Capital Advisors Inc. raised its position in Grand Canyon Education by 83.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,257 shares of the company’s stock valued at $3,535,000 after purchasing an additional 9,701 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in Grand Canyon Education during the third quarter valued at approximately $3,315,000. Institutional investors 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.