Grand Canyon Education (NASDAQ:LOPE) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a buy rating to a hold rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “

A number of other research firms have also recently weighed in on LOPE. Barrington Research set a $22.00 price target on The Hackett Group and gave the stock a buy rating in a report on Wednesday, May 8th. BidaskClub cut Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, June 26th. Finally, ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Grand Canyon Education presently has a consensus rating of Buy and a consensus target price of $131.00.

Shares of LOPE stock opened at $119.16 on Wednesday. The business’s fifty day moving average price is $120.48. The firm has a market capitalization of $5.75 billion, a PE ratio of 22.96, a PEG ratio of 1.42 and a beta of 0.82. Grand Canyon Education has a 1 year low of $90.67 and a 1 year high of $130.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.57 and a current ratio of 1.57.

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

In other news, CEO Brian E. Mueller sold 40,000 shares of Grand Canyon Education 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 completion of the sale, the chief executive officer now owns 320,124 shares of the company’s stock, valued at $40,367,636.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph N. Mildenhall sold 2,000 shares of Grand Canyon Education stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $116.50, for a total value of $233,000.00. Following the completion of the sale, the insider now directly owns 60,809 shares of the company’s stock, valued at approximately $7,084,248.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,900 shares of company stock valued at $10,545,445. Insiders own 2.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Grand Canyon Education by 0.9% in the first quarter. SG Americas Securities LLC now owns 11,418 shares of the company’s stock valued at $1,307,000 after purchasing an additional 102 shares during the period. Bronfman E.L. Rothschild L.P. grew its position 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 purchasing an additional 150 shares during the period. Brown Advisory Inc. grew its position in shares of Grand Canyon Education by 4.0% in the fourth quarter. Brown Advisory Inc. now owns 4,141 shares of the company’s stock valued at $398,000 after purchasing an additional 160 shares during the period. Nordea Investment Management AB grew its position in shares of Grand Canyon Education by 0.4% in the first quarter. Nordea Investment Management AB now owns 41,663 shares of the company’s stock valued at $4,771,000 after purchasing an additional 178 shares during the period. Finally, Pendal Group Ltd grew its position in shares of Grand Canyon Education by 3.7% in the first quarter. Pendal Group Ltd now owns 5,004 shares of the company’s stock valued at $573,000 after purchasing an additional 179 shares during the period. 96.16% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Company Profile

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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