Grand Canyon Education Inc (NASDAQ:LOPE) gapped down before the market opened on Friday after Robert W. Baird lowered their price target on the stock from $145.00 to $118.00. The stock had previously closed at $88.75, but opened at $88.08. Robert W. Baird currently has an outperform rating on the stock. Grand Canyon Education shares last traded at $86.57, with a volume of 14,790 shares traded.

Several other equities analysts also recently weighed in on LOPE. Barrington Research set a $145.00 target price on shares of Grand Canyon Education and gave the stock a “buy” rating in a research note on Wednesday, October 9th. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets reduced their target price on shares of Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating for the company in a research note on Thursday. BidaskClub downgraded shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 22nd. Finally, Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $129.00.

In other news, insider Joseph N. Mildenhall sold 2,000 shares of Grand Canyon Education stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $108.75, for a total value of $217,500.00. Following the completion of the transaction, the insider now owns 56,809 shares in the company, valued at $6,177,978.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dilek Marsh sold 1,000 shares of Grand Canyon Education stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $126.83, for a total transaction of $126,830.00. Following the completion of the transaction, the insider now owns 26,624 shares of the company’s stock, valued at approximately $3,376,721.92. The disclosure for this sale can be found here. Insiders sold 5,000 shares of company stock valued at $596,730 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in Grand Canyon Education during the second quarter valued at approximately $35,000. Quest Capital Management Inc. ADV purchased a new position in Grand Canyon Education during the third quarter valued at approximately $45,000. Marshall Wace LLP purchased a new position in Grand Canyon Education during the first quarter valued at approximately $77,000. Captrust Financial Advisors grew its stake in Grand Canyon Education by 15.6% during the second quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock valued at $96,000 after acquiring an additional 110 shares in the last quarter. Finally, FTB Advisors Inc. grew its stake in Grand Canyon Education by 85.9% during the second quarter. FTB Advisors Inc. now owns 1,069 shares of the company’s stock valued at $125,000 after acquiring an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

The firm’s 50 day moving average is $97.66 and its 200 day moving average is $114.69. The company has a market cap of $4.44 billion, a PE ratio of 16.68, a PEG ratio of 1.14 and a beta of 0.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.96 and a quick ratio of 0.96.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. The company had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $191.75 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. Grand Canyon Education’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. As a group, analysts anticipate that Grand Canyon Education Inc will post 5.39 EPS for the current year.

About Grand Canyon Education (NASDAQ:LOPE)

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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