Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as $176.77 and last traded at $172.66, with a volume of 27878 shares traded. The stock had previously closed at $171.00.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Robert W. Baird upped their price target on Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Barrington Research upped their target price on Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. BMO Capital Markets boosted their target price on Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, StockNews.com downgraded Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th.
View Our Latest Stock Analysis on Grand Canyon Education
Grand Canyon Education Price Performance
The stock's fifty day simple moving average is $165.09 and its 200-day simple moving average is $150.48. The company has a market capitalization of $4.96 billion, a P/E ratio of 22.34, a PEG ratio of 1.22 and a beta of 0.75.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The firm had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. During the same quarter last year, the firm posted $1.26 EPS. The company's revenue was up 7.4% on a year-over-year basis. On average, research analysts predict that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.
Insider Activity at Grand Canyon Education
In related news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total value of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Reston Wealth Management LLC acquired a new stake in Grand Canyon Education in the 3rd quarter valued at about $28,000. True Wealth Design LLC acquired a new position in Grand Canyon Education in the third quarter valued at about $31,000. Capital Performance Advisors LLP bought a new position in Grand Canyon Education during the third quarter worth about $60,000. Versant Capital Management Inc grew its position in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after buying an additional 167 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Grand Canyon Education in the 3rd quarter valued at about $86,000. Institutional investors and hedge funds own 94.17% of the company's stock.
About Grand Canyon Education
(
Get Free Report)
Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.
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