Grand Canyon Education (NASDAQ:LOPE) Stock Rating Lowered by StockNews.com

Grand Canyon Education (NASDAQ:LOPE) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Several other brokerages have also weighed in on LOPE. BMO Capital Markets upped their price objective on shares of Grand Canyon Education from $160.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barrington Research reiterated an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a report on Wednesday, August 7th.

Grand Canyon Education Trading Down 0.6 %

LOPE stock traded down $0.85 during midday trading on Monday, hitting $136.56. The stock had a trading volume of 147,009 shares, compared to its average volume of 184,255. The firm has a market cap of $4.06 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69. Grand Canyon Education has a 1-year low of $110.72 and a 1-year high of $157.53. The business has a fifty day moving average price of $145.13 and a two-hundred day moving average price of $139.70.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm had revenue of $227.50 million for the quarter, compared to analyst estimates of $223.56 million. During the same quarter in the prior year, the business earned $1.01 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that Grand Canyon Education will post 7.98 EPS for the current year.

Institutional Investors Weigh In On Grand Canyon Education

A number of institutional investors have recently added to or reduced their stakes in LOPE. Versant Capital Management Inc grew its position in Grand Canyon Education by 14,150.0% in the 2nd quarter. Versant Capital Management Inc now owns 285 shares of the company’s stock worth $40,000 after purchasing an additional 283 shares in the last quarter. Blue Trust Inc. grew its position in Grand Canyon Education by 710.7% in the 2nd quarter. Blue Trust Inc. now owns 608 shares of the company’s stock worth $83,000 after purchasing an additional 533 shares in the last quarter. GAMMA Investing LLC grew its position in Grand Canyon Education by 46.1% in the 2nd quarter. GAMMA Investing LLC now owns 640 shares of the company’s stock worth $90,000 after purchasing an additional 202 shares in the last quarter. Quarry LP bought a new stake in Grand Canyon Education in the 2nd quarter worth about $109,000. Finally, TFO Wealth Partners LLC grew its position in Grand Canyon Education by 85,200.0% in the 4th quarter. TFO Wealth Partners LLC now owns 853 shares of the company’s stock worth $113,000 after purchasing an additional 852 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Company Profile

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.