Grand Canyon Education Inc (NASDAQ:LOPE) Given Consensus Rating of “Buy” by Brokerages

Shares of Grand Canyon Education Inc (NASDAQ:LOPE) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $133.20.

LOPE has been the subject of several recent research reports. ValuEngine cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. BidaskClub cut Grand Canyon Education from a “sell” rating to a “strong sell” rating in a report on Saturday, March 16th. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research note on Tuesday, April 2nd. Finally, Barrington Research reissued a “buy” rating and set a $135.00 target price on shares of Grand Canyon Education in a research note on Wednesday, May 8th.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $118.12, for a total transaction of $236,240.00. Following the completion of the sale, the insider now owns 66,809 shares of the company’s stock, valued at $7,891,479.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian E. Mueller sold 40,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $126.10, for a total value of $5,044,000.00. Following the sale, the chief executive officer now directly owns 320,124 shares of the company’s stock, valued at approximately $40,367,636.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,900 shares of company stock valued at $10,548,685. 2.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LOPE. Executive Wealth Management LLC acquired a new stake in shares of Grand Canyon Education in the fourth quarter valued at $26,000. Icon Wealth Partners LLC acquired a new stake in shares of Grand Canyon Education in the first quarter valued at $63,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of Grand Canyon Education by 29.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock valued at $64,000 after buying an additional 150 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Grand Canyon Education by 48.8% in the first quarter. Daiwa Securities Group Inc. now owns 610 shares of the company’s stock valued at $70,000 after buying an additional 200 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Grand Canyon Education by 350.3% in the first quarter. Quadrant Capital Group LLC now owns 680 shares of the company’s stock valued at $76,000 after buying an additional 529 shares in the last quarter. 96.16% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:LOPE traded up $0.13 during midday trading on Tuesday, hitting $117.02. The company had a trading volume of 1,321,558 shares, compared to its average volume of 334,361. Grand Canyon Education has a twelve month low of $90.67 and a twelve month high of $130.10. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $5.65 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The firm’s 50-day moving average is $119.90.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.49 by $0.13. Grand Canyon Education had a return on equity of 21.50% and a net margin of 29.80%. The firm had revenue of $197.29 million during the quarter, compared to analysts’ expectations of $195.60 million. During the same quarter last year, the firm earned $1.52 earnings per share. The business’s revenue for the quarter was down 28.4% on a year-over-year basis. As a group, equities research analysts expect that Grand Canyon Education will post 5.24 earnings per share for the current fiscal year.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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