Grand Canyon Education (NASDAQ:LOPE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers. “
Several other equities analysts also recently weighed in on LOPE. BidaskClub downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. Barrington Research reiterated a “buy” rating and set a $135.00 target price on shares of Grand Canyon Education in a research report on Friday, October 5th. Finally, Robert W. Baird lifted their target price 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. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Grand Canyon Education currently has a consensus rating of “Buy” and a consensus price target of $131.40.
LOPE stock opened at $94.00 on Thursday. The firm has a market capitalization of $4.58 billion, a PE ratio of 23.74, a PEG ratio of 1.16 and a beta of 1.09. Grand Canyon Education has a 1 year low of $85.14 and a 1 year high of $130.10. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.05.
Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. The firm had revenue of $155.45 million for the quarter, compared to the consensus estimate of $153.31 million. Grand Canyon Education had a return on equity of 21.66% and a net margin of 23.60%. The company’s revenue for the quarter was down 34.2% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. On average, equities research analysts expect that Grand Canyon Education will post 4.88 earnings per share for the current fiscal year.
In other Grand Canyon Education news, COO William Stan Meyer sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $127.00, for a total transaction of $1,905,000.00. Following the sale, the chief operating officer now directly owns 112,261 shares of the company’s stock, valued at $14,257,147. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian E. Mueller sold 30,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 308,739 shares in the company, valued at $39,209,853. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,000 shares of company stock worth $11,452,970. Insiders own 2.40% of the company’s stock.
A number of large investors have recently bought and sold shares of LOPE. Legal & General Group Plc boosted its position in shares of Grand Canyon Education by 1.2% during the third quarter. Legal & General Group Plc now owns 25,133 shares of the company’s stock valued at $2,835,000 after buying an additional 288 shares during the period. Blair William & Co. IL boosted its position in shares of Grand Canyon Education by 10.1% during the third quarter. Blair William & Co. IL now owns 4,773 shares of the company’s stock valued at $538,000 after buying an additional 437 shares during the period. Polen Capital Management LLC boosted its position in shares of Grand Canyon Education by 9.2% during the third quarter. Polen Capital Management LLC now owns 5,332 shares of the company’s stock valued at $601,000 after buying an additional 449 shares during the period. Pendal Group Ltd boosted its position in shares of Grand Canyon Education by 11.3% during the third quarter. Pendal Group Ltd now owns 4,668 shares of the company’s stock valued at $527,000 after buying an additional 475 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Grand Canyon Education by 13.9% in the third quarter. Strs Ohio now owns 3,942 shares of the company’s stock valued at $444,000 after purchasing an additional 482 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.
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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