Grand Canyon Education (NASDAQ:LOPE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, BidAskClub reports.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird cut their price objective on Grand Canyon Education from $118.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, March 16th. Barrington Research reiterated a “buy” rating and issued a $110.00 price objective on shares of Grand Canyon Education in a report on Friday, May 8th. Sidoti started coverage on Grand Canyon Education in a report on Thursday, June 11th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, BMO Capital Markets boosted their price objective on Grand Canyon Education from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $108.00.

NASDAQ LOPE opened at $90.80 on Thursday. The stock’s fifty day moving average is $95.85 and its two-hundred day moving average is $86.94. The firm has a market capitalization of $4.30 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.87 and a current ratio of 1.87. Grand Canyon Education has a fifty-two week low of $57.89 and a fifty-two week high of $132.72.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.03. Grand Canyon Education had a return on equity of 18.85% and a net margin of 32.04%. The business had revenue of $221.70 million for the quarter, compared to analyst estimates of $220.44 million. During the same quarter in the prior year, the company posted $1.62 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Grand Canyon Education will post 5.34 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of LOPE. Reinhart Partners Inc. lifted its holdings in shares of Grand Canyon Education by 10.6% in the 2nd quarter. Reinhart Partners Inc. now owns 250,524 shares of the company’s stock valued at $22,680,000 after buying an additional 23,959 shares during the period. State Street Corp lifted its holdings in shares of Grand Canyon Education by 2.2% in the 1st quarter. State Street Corp now owns 1,136,899 shares of the company’s stock valued at $86,728,000 after buying an additional 24,689 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Grand Canyon Education by 36.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 11,500 shares of the company’s stock valued at $877,000 after buying an additional 3,100 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of Grand Canyon Education by 23.6% in the 1st quarter. Van Berkom & Associates Inc. now owns 1,585,068 shares of the company’s stock valued at $120,925,000 after buying an additional 302,612 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Grand Canyon Education by 2.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 69,072 shares of the company’s stock valued at $5,269,000 after buying an additional 1,429 shares during the period. Institutional investors own 97.00% of the company’s stock.

About Grand Canyon Education

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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