Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $183.86 and last traded at $182.91, with a volume of 40134 shares changing hands. The stock had previously closed at $182.11.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on LOPE shares. Barrington Research reiterated an "outperform" rating and set a $180.00 price objective on shares of Grand Canyon Education in a research report on Monday, January 27th. StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. BMO Capital Markets boosted their target price on shares of 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, Robert W. Baird boosted their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th.
Read Our Latest Analysis on Grand Canyon Education
Grand Canyon Education Stock Performance
The firm's 50 day simple moving average is $169.40 and its 200-day simple moving average is $154.52. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.37 and a beta of 0.74.
Insider Transactions at Grand Canyon Education
In other news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now directly owns 21,174 shares of the company's stock, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Grand Canyon Education
A number of hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company's stock worth $692,000 after acquiring an additional 63 shares during the last quarter. DGS Capital Management LLC increased its position in Grand Canyon Education by 1.5% during the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company's stock worth $624,000 after buying an additional 67 shares during the last quarter. Barclays PLC increased its position in Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after buying an additional 84 shares during the last quarter. MML Investors Services LLC increased its position in Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company's stock worth $814,000 after buying an additional 91 shares during the last quarter. Finally, NDVR Inc. increased its position in Grand Canyon Education by 5.1% during the fourth quarter. NDVR Inc. now owns 1,878 shares of the company's stock worth $308,000 after buying an additional 91 shares during the last quarter. 94.17% of the stock is owned by institutional investors and hedge funds.
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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