Grand Canyon Education Inc (NASDAQ:LOPE) had its price target lifted by Barrington Research from $68.00 to $85.00 in a report published on Monday, May 8th. They currently have an outperform rating on the stock.
Several other brokerages have also issued reports on LOPE. Zacks Investment Research lowered shares of Grand Canyon Education from a buy rating to a hold rating in a research report on Wednesday, April 19th. Piper Jaffray Companies reiterated an overweight rating and issued a $73.00 target price (up from $69.00) on shares of Grand Canyon Education in a research report on Monday, March 20th. Finally, BMO Capital Markets reiterated a buy rating on shares of Grand Canyon Education in a research report on Wednesday, January 18th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $76.75.
Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Thursday, May 4th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.11. The firm had revenue of $248.20 million for the quarter, compared to analysts’ expectations of $244.64 million. Grand Canyon Education had a net margin of 16.42% and a return on equity of 21.10%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share.
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In other news, COO William Stan Meyer sold 20,000 shares of the stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $66.01, for a total transaction of $1,320,200.00. Following the completion of the sale, the chief operating officer now directly owns 113,282 shares in the company, valued at $7,477,744.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Brian M. Roberts sold 9,754 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $63.07, for a total transaction of $615,184.78. Following the sale, the general counsel now owns 47,930 shares of the company’s stock, valued at $3,022,945.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 211,299 shares of company stock valued at $15,124,208. Company insiders own 5.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of LOPE. Van Berkom & Associates Inc. raised its stake in Grand Canyon Education by 6.1% in the third quarter. Van Berkom & Associates Inc. now owns 2,446,574 shares of the company’s stock worth $98,817,000 after buying an additional 141,000 shares in the last quarter. BlackRock Advisors LLC raised its stake in Grand Canyon Education by 9.9% in the third quarter. BlackRock Advisors LLC now owns 23,744 shares of the company’s stock worth $959,000 after buying an additional 2,135 shares in the last quarter. BlackRock Investment Management LLC raised its stake in Grand Canyon Education by 0.6% in the third quarter. BlackRock Investment Management LLC now owns 169,390 shares of the company’s stock worth $6,842,000 after buying an additional 986 shares in the last quarter. BlackRock Fund Advisors raised its stake in Grand Canyon Education by 6.2% in the third quarter. BlackRock Fund Advisors now owns 1,162,247 shares of the company’s stock worth $46,943,000 after buying an additional 68,315 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Grand Canyon Education by 1.8% in the third quarter. Rhumbline Advisers now owns 51,641 shares of the company’s stock worth $2,086,000 after buying an additional 935 shares in the last quarter. Institutional investors own 96.48% of the company’s stock.
About Grand Canyon Education
Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.
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