Grand Canyon Education (NASDAQ:LOPE) Hits New 52-Week Low Following Analyst Downgrade

Shares of Grand Canyon Education Inc (NASDAQ:LOPE) reached a new 52-week low during trading on Thursday after Robert W. Baird lowered their price target on the stock from $145.00 to $118.00. Robert W. Baird currently has an outperform rating on the stock. Grand Canyon Education traded as low as $77.26 and last traded at $80.00, with a volume of 33396 shares traded. The stock had previously closed at $91.88.

LOPE has been the subject of a number of other reports. BidaskClub cut shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 22nd. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets lowered their target price on shares of Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating for the company in a research note on Thursday. Barrington Research set a $145.00 price target on shares of Grand Canyon Education and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Grand Canyon Education presently has an average rating of “Buy” and a consensus price target of $119.50.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $108.75, for a total transaction of $217,500.00. Following the completion of the transaction, the insider now directly owns 56,809 shares of the company’s stock, valued at approximately $6,177,978.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dilek Marsh sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $126.83, for a total transaction of $126,830.00. Following the transaction, the insider now directly owns 26,624 shares of the company’s stock, valued at $3,376,721.92. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock valued at $596,730 over the last three months. 2.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Stephens Investment Management Group LLC increased its holdings in shares of Grand Canyon Education by 76.6% during the 2nd quarter. Stephens Investment Management Group LLC now owns 322,857 shares of the company’s stock valued at $37,781,000 after purchasing an additional 140,004 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Grand Canyon Education during the 2nd quarter valued at approximately $495,000. Tiverton Asset Management LLC increased its holdings in shares of Grand Canyon Education by 140.1% during the 2nd quarter. Tiverton Asset Management LLC now owns 5,833 shares of the company’s stock valued at $683,000 after purchasing an additional 3,404 shares in the last quarter. Tyers Asset Management LLC increased its holdings in shares of Grand Canyon Education by 138.9% during the 2nd quarter. Tyers Asset Management LLC now owns 2,408 shares of the company’s stock valued at $282,000 after purchasing an additional 1,400 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of Grand Canyon Education by 14.9% during the 2nd quarter. OLD National Bancorp IN now owns 4,220 shares of the company’s stock valued at $494,000 after purchasing an additional 546 shares in the last quarter. 96.79% of the stock is owned by institutional investors.

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.44 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.65. The firm’s fifty day moving average price is $97.66 and its two-hundred day moving average price is $114.69.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 6th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.09. The firm had revenue of $193.30 million during the quarter, compared to analyst estimates of $191.75 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.06 EPS. As a group, sell-side analysts anticipate that Grand Canyon Education Inc will post 5.39 earnings per share for the current fiscal year.

Grand Canyon Education Company Profile (NASDAQ:LOPE)

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.

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