Grand Canyon Education (NASDAQ:LOPE) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Grand Canyon Education (NASDAQ:LOPE) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

LOPE has been the subject of a number of other research reports. Barrington Research reiterated a buy rating and issued a $135.00 price objective on shares of Grand Canyon Education in a report on Wednesday, May 8th. Robert W. Baird set a $145.00 price objective on shares of Grand Canyon Education and gave the company a buy rating in a report on Wednesday, July 31st. ValuEngine downgraded shares of Grand Canyon Education from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Grand Canyon Education from a buy rating to a hold rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $139.25.

Shares of Grand Canyon Education stock opened at $125.88 on Tuesday. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.52 and a beta of 0.79. Grand Canyon Education has a twelve month low of $90.67 and a twelve month high of $130.10. The company has a 50-day moving average of $120.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.57 and a quick ratio of 1.57.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.15. The firm had revenue of $174.82 million for the quarter, compared to analyst estimates of $173.40 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.58%. Grand Canyon Education’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same period last year, the company posted $0.95 EPS. On average, equities analysts anticipate that Grand Canyon Education will post 5.39 EPS for the current fiscal year.

In other news, insider Joseph N. Mildenhall sold 19,900 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $113.95, for a total transaction of $2,267,605.00. Following the completion of the sale, the insider now owns 84,709 shares in the company, valued at approximately $9,652,590.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian E. Mueller sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $126.10, for a total transaction of $5,044,000.00. Following the sale, the chief executive officer now owns 320,124 shares of the company’s stock, valued at approximately $40,367,636.40. The disclosure for this sale can be found here. Insiders have sold a total of 85,900 shares of company stock valued at $10,545,445 in the last 90 days. Insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new stake in shares of Grand Canyon Education during the 1st quarter worth approximately $63,000. Daiwa Securities Group Inc. boosted its position in shares of Grand Canyon Education by 48.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 610 shares of the company’s stock worth $70,000 after purchasing an additional 200 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Grand Canyon Education by 350.3% during the 1st quarter. Quadrant Capital Group LLC now owns 680 shares of the company’s stock worth $76,000 after purchasing an additional 529 shares during the period. Marshall Wace LLP purchased a new position in shares of Grand Canyon Education during the 1st quarter worth approximately $77,000. Finally, FTB Advisors Inc. boosted its position in shares of Grand Canyon Education by 85.9% during the 2nd quarter. FTB Advisors Inc. now owns 1,069 shares of the company’s stock worth $125,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 96.18% of the company’s stock.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

Featured Story: Intrinsic Value

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.