Grand Canyon Education (LOPE) Downgraded by BidaskClub to Buy

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BidaskClub lowered shares of Grand Canyon Education (NASDAQ:LOPE) from a strong-buy rating to a buy rating in a research note published on Friday.

Several other brokerages have also recently commented on LOPE. Robert W. Baird increased their price target on Grand Canyon Education from $125.00 to $141.00 and gave the company an outperform rating in a research report on Friday, November 9th. Zacks Investment Research raised Grand Canyon Education from a hold rating to a buy rating and set a $144.00 price target for the company in a research report on Tuesday. BMO Capital Markets increased their price target on Grand Canyon Education from $123.00 to $130.00 and gave the company an outperform rating in a research report on Thursday, August 9th. Finally, Barrington Research increased their price target on Grand Canyon Education from $135.00 to $150.00 and gave the company an outperform rating in a research report on Friday, November 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $141.40.

NASDAQ LOPE traded up $1.05 during trading hours on Friday, hitting $124.88. 270,381 shares of the company traded hands, compared to its average volume of 480,618. Grand Canyon Education has a twelve month low of $85.14 and a twelve month high of $130.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.65 and a current ratio of 4.65. The stock has a market capitalization of $6.01 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.60 and a beta of 0.79.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Thursday, November 8th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.99 by $0.07. Grand Canyon Education had a return on equity of 21.66% and a net margin of 23.60%. The firm had revenue of $155.45 million during the quarter, compared to analysts’ expectations of $153.31 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue was down 34.2% compared to the same quarter last year. As a group, research analysts forecast that Grand Canyon Education will post 4.88 EPS for the current year.

In other Grand Canyon Education news, COO William Stan Meyer sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $127.00, for a total value of $1,905,000.00. Following the sale, the chief operating officer now owns 112,261 shares in the company, valued at $14,257,147. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian E. Mueller sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $127.00, for a total value of $3,810,000.00. Following the completion of the sale, the chief executive officer now owns 308,739 shares in the company, valued at approximately $39,209,853. The disclosure for this sale can be found here. Insiders sold 49,000 shares of company stock worth $6,219,000 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LOPE. State of Alaska Department of Revenue bought a new stake in Grand Canyon Education in the second quarter valued at approximately $639,000. Bank of Montreal Can increased its stake in shares of Grand Canyon Education by 256.1% during the second quarter. Bank of Montreal Can now owns 20,502 shares of the company’s stock worth $2,287,000 after purchasing an additional 14,744 shares during the period. Amalgamated Bank increased its stake in shares of Grand Canyon Education by 76.0% during the second quarter. Amalgamated Bank now owns 11,032 shares of the company’s stock worth $1,231,000 after purchasing an additional 4,765 shares during the period. Hartford Investment Management Co. bought a new position in shares of Grand Canyon Education during the second quarter worth approximately $334,000. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Grand Canyon Education during the second quarter worth approximately $233,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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