ValuEngine downgraded shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) from a buy rating to a hold rating in a research report report published on Monday.

Several other brokerages have also recently commented on LOPE. BMO Capital Markets reaffirmed a buy rating and issued a $85.00 target price on shares of Grand Canyon Education in a research report on Monday, September 18th. BidaskClub raised Grand Canyon Education from a sell rating to a hold rating in a report on Monday, August 7th. Zacks Investment Research raised Grand Canyon Education from a hold rating to a buy rating and set a $90.00 price objective for the company in a report on Thursday, August 3rd. Finally, Barrington Research reissued an outperform rating and set a $89.00 price objective (up from $85.00) on shares of Grand Canyon Education in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $84.25.

Shares of Grand Canyon Education (NASDAQ LOPE) traded up 0.29% during mid-day trading on Monday, hitting $89.48. 176,268 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $83.49 and a 200-day moving average price of $78.08. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 24.70 and a beta of 1.39. Grand Canyon Education has a 52 week low of $40.02 and a 52 week high of $93.08.

Grand Canyon Education (NASDAQ:LOPE) last issued its earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.68 by $0.15. The firm had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $213.08 million. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. Grand Canyon Education’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. On average, equities analysts anticipate that Grand Canyon Education will post $3.83 EPS for the current year.

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In other Grand Canyon Education news, CEO Brian E. Mueller sold 29,788 shares of Grand Canyon Education stock in a transaction on Monday, July 10th. The stock was sold at an average price of $77.12, for a total transaction of $2,297,250.56. Following the completion of the transaction, the chief executive officer now directly owns 311,312 shares of the company’s stock, valued at $24,008,381.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO William Stan Meyer sold 20,000 shares of Grand Canyon Education stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $77.14, for a total value of $1,542,800.00. Following the completion of the transaction, the chief operating officer now directly owns 118,459 shares of the company’s stock, valued at $9,137,927.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,231 shares of company stock valued at $5,128,139. Company insiders own 3.00% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. raised its holdings in shares of Grand Canyon Education by 586.1% in the second quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock valued at $112,000 after buying an additional 1,225 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Grand Canyon Education by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after buying an additional 139 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Grand Canyon Education by 10.8% in the first quarter. Fifth Third Bancorp now owns 2,262 shares of the company’s stock valued at $162,000 after buying an additional 220 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of Grand Canyon Education by 23.8% in the first quarter. Valley National Advisers Inc. now owns 2,562 shares of the company’s stock valued at $183,000 after buying an additional 492 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Grand Canyon Education in the first quarter valued at about $207,000. 96.57% of the stock is owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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