Grand Canyon Education (NASDAQ:LOPE) Earns “Outperform” Rating from Barrington Research

Grand Canyon Education (NASDAQ:LOPE)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research report issued on Thursday, Benzinga reports. They currently have a $160.00 target price on the stock. Barrington Research’s target price indicates a potential upside of 21.93% from the stock’s previous close.

Grand Canyon Education Stock Up 0.3 %

LOPE stock traded up $0.45 during trading on Thursday, hitting $131.22. 10,648 shares of the company’s stock traded hands, compared to its average volume of 195,651. Grand Canyon Education has a 52 week low of $99.65 and a 52 week high of $144.94. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59. The stock has a fifty day moving average price of $132.85 and a two-hundred day moving average price of $130.67.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The company had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. As a group, equities research analysts expect that Grand Canyon Education will post 7.65 EPS for the current fiscal year.

Insider Activity

In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.65, for a total transaction of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Grand Canyon Education

Several institutional investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in Grand Canyon Education by 54.8% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,158 shares of the company’s stock worth $975,000 after purchasing an additional 2,534 shares during the period. Capital Insight Partners LLC lifted its holdings in Grand Canyon Education by 41.9% in the 1st quarter. Capital Insight Partners LLC now owns 4,124 shares of the company’s stock valued at $562,000 after acquiring an additional 1,218 shares during the last quarter. Janiczek Wealth Management LLC lifted its holdings in Grand Canyon Education by 9.2% in the 1st quarter. Janiczek Wealth Management LLC now owns 3,105 shares of the company’s stock valued at $423,000 after acquiring an additional 261 shares during the last quarter. DGS Capital Management LLC lifted its holdings in Grand Canyon Education by 41.7% in the 1st quarter. DGS Capital Management LLC now owns 4,170 shares of the company’s stock valued at $568,000 after acquiring an additional 1,228 shares during the last quarter. Finally, BTC Capital Management Inc. acquired a new stake in Grand Canyon Education in the 1st quarter valued at about $393,000. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Grand Canyon Education

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.