Grand Canyon Education (NASDAQ:LOPE) Receives “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a report issued on Thursday, Benzinga reports. They currently have a $160.00 price target on the stock.

Grand Canyon Education Stock Up 0.2 %

LOPE opened at $131.08 on Thursday. Grand Canyon Education has a 52 week low of $99.65 and a 52 week high of $144.94. The stock has a market cap of $3.94 billion, a PE ratio of 19.28, a PEG ratio of 1.14 and a beta of 0.59. The business has a 50 day moving average of $132.83 and a 200-day moving average of $130.67.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.05. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The business had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. Equities analysts anticipate that Grand Canyon Education will post 7.65 EPS for the current year.

Insider Activity

In related news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $132.65, for a total value of $198,975.00. Following the sale, the chief technology officer now owns 25,674 shares in the company, valued at approximately $3,405,656.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Institutional Trading of Grand Canyon Education

Institutional investors have recently bought and sold shares of the company. Alaska Permanent Fund Corp lifted its stake in shares of Grand Canyon Education by 10.4% in the third quarter. Alaska Permanent Fund Corp now owns 79,446 shares of the company’s stock worth $9,286,000 after buying an additional 7,465 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Grand Canyon Education by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after purchasing an additional 85 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Grand Canyon Education in the 3rd quarter worth $592,000. Sei Investments Co. raised its stake in shares of Grand Canyon Education by 7.8% in the third quarter. Sei Investments Co. now owns 168,209 shares of the company’s stock worth $19,660,000 after purchasing an additional 12,125 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Grand Canyon Education by 11.9% during the third quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock valued at $101,904,000 after purchasing an additional 92,445 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Company Profile

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.