Barrington Research reissued their outperform rating on shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) in a research report released on Tuesday morning. The brokerage currently has a $89.00 price target on the stock, up from their prior price target of $85.00.

A number of other research firms have also recently commented on LOPE. Zacks Investment Research cut shares of Grand Canyon Education from a buy rating to a hold rating and set a $91.00 target price on the stock. in a research report on Wednesday, June 21st. BidaskClub raised shares of Grand Canyon Education from a sell rating to a hold rating in a research report on Monday, August 7th. Finally, ValuEngine raised shares of Grand Canyon Education from a hold rating to a buy rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $78.50.

Shares of Grand Canyon Education (NASDAQ LOPE) traded down 0.01% during midday trading on Tuesday, hitting $79.43. 199,600 shares of the company’s stock were exchanged. The stock has a market cap of $3.75 billion, a PE ratio of 21.92 and a beta of 1.48. The stock’s 50 day moving average is $77.65 and its 200-day moving average is $72.14. Grand Canyon Education has a 1-year low of $39.07 and a 1-year high of $85.94.

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

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In related news, CEO Brian E. Mueller sold 30,000 shares of Grand Canyon Education stock in a transaction on Monday, June 12th. The shares were sold at an average price of $79.34, for a total value of $2,380,200.00. Following the completion of the sale, the chief executive officer now owns 311,524 shares in the company, valued at $24,716,314.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO William Stan Meyer sold 20,000 shares of Grand Canyon Education stock in a transaction on Monday, June 12th. The stock was sold at an average price of $79.38, for a total transaction of $1,587,600.00. Following the completion of the sale, the chief operating officer now owns 118,459 shares of the company’s stock, valued at approximately $9,403,275.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,231 shares of company stock valued at $10,207,539. Insiders own 3.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Affinity Investment Advisors LLC bought a new stake in shares of Grand Canyon Education during the first quarter worth about $203,000. Acadian Asset Management LLC raised its stake in shares of Grand Canyon Education by 49.3% in the second quarter. Acadian Asset Management LLC now owns 115,520 shares of the company’s stock worth $9,059,000 after buying an additional 38,148 shares during the period. Prudential Financial Inc. raised its stake in shares of Grand Canyon Education by 75.6% in the first quarter. Prudential Financial Inc. now owns 154,693 shares of the company’s stock worth $11,078,000 after buying an additional 66,580 shares during the period. Vanguard Group Inc. raised its stake in shares of Grand Canyon Education by 5.5% in the first quarter. Vanguard Group Inc. now owns 3,775,228 shares of the company’s stock worth $270,343,000 after buying an additional 197,721 shares during the period. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Grand Canyon Education during the first quarter worth about $2,083,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

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.

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