Grand Canyon Education Inc (NASDAQ:LOPE) reached a new 52-week high during trading on Thursday . The stock traded as high as $104.95 and last traded at $104.76, with a volume of 248792 shares. The stock had previously closed at $104.43.
LOPE has been the subject of several analyst reports. Barrington Research restated a “buy” rating and set a $115.00 price target on shares of Grand Canyon Education in a research note on Tuesday. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Friday, December 15th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $102.00 price objective on shares of Grand Canyon Education in a report on Monday, December 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $100.00 price objective on shares of Grand Canyon Education in a report on Friday, December 1st. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $109.60.
The firm has a market capitalization of $5,043.16, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.71 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.57 and a quick ratio of 1.57.
Hedge funds have recently made changes to their positions in the stock. Koch Industries Inc. acquired a new position in Grand Canyon Education during the fourth quarter worth $224,000. Jane Street Group LLC acquired a new stake in Grand Canyon Education in the fourth quarter valued at $225,000. ETRADE Capital Management LLC acquired a new stake in Grand Canyon Education in the third quarter valued at $231,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Grand Canyon Education by 46.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock valued at $239,000 after purchasing an additional 846 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in Grand Canyon Education in the fourth quarter valued at $261,000. 95.24% of the stock is currently owned by hedge funds and other institutional investors.
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About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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