Barrington Research Boosts Grand Canyon Education (NASDAQ:LOPE) Price Target to $205.00

Grand Canyon Education (NASDAQ:LOPE) had its price target boosted by Barrington Research from $180.00 to $205.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also commented on the company. Robert W. Baird upped their target price 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. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Grand Canyon Education Trading Up 1.8 %

NASDAQ LOPE opened at $187.27 on Thursday. The stock has a market cap of $5.46 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.39 and a beta of 0.74. Grand Canyon Education has a 12-month low of $126.17 and a 12-month high of $192.18. The company has a fifty day simple moving average of $170.38 and a two-hundred day simple moving average of $155.18.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. The company had revenue of $292.57 million during the quarter, compared to analyst estimates of $289.62 million. Grand Canyon Education had a return on equity of 30.91% and a net margin of 21.90%. As a group, sell-side analysts forecast that Grand Canyon Education will post 8.81 earnings per share for the current year.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. This represents a 6.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Grand Canyon Education

Several institutional investors have recently made changes to their positions in the company. Burgundy Asset Management Ltd. grew its position in Grand Canyon Education by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 885,118 shares of the company’s stock valued at $144,982,000 after buying an additional 14,667 shares during the period. CSS LLC IL grew its position in shares of Grand Canyon Education by 31.3% during the 4th quarter. CSS LLC IL now owns 2,814 shares of the company’s stock valued at $461,000 after acquiring an additional 670 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Grand Canyon Education by 14.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,793 shares of the company’s stock valued at $18,803,000 after acquiring an additional 14,624 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Grand Canyon Education in the 4th quarter valued at about $7,713,000. Finally, Sovereign s Capital Management LLC acquired a new position in Grand Canyon Education in the 4th quarter worth about $5,206,000. 94.17% of the stock is owned by hedge funds and other institutional investors.

About Grand Canyon Education

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.