Shares of Grand Canyon Education Inc (NASDAQ:LOPE) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $139.25.

LOPE has been the topic of a number of recent analyst reports. BidaskClub downgraded Grand Canyon Education from a “hold” rating to a “sell” rating in a research report on Friday. Barrington Research increased their price objective on Grand Canyon Education from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Zacks Investment Research upgraded Grand Canyon Education from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research report on Friday, August 9th. ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, Robert W. Baird set a $145.00 price objective on Grand Canyon Education and gave the stock a “buy” rating in a research report on Wednesday, July 31st.

In related news, insider Joseph N. Mildenhall sold 2,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $126.20, for a total value of $252,400.00. Following the transaction, the insider now owns 58,809 shares of the company’s stock, valued at $7,421,695.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dilek Marsh sold 1,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $126.83, for a total value of $126,830.00. Following the completion of the transaction, the insider now directly owns 26,624 shares in the company, valued at approximately $3,376,721.92. The disclosure for this sale can be found here. In the last three months, insiders sold 7,000 shares of company stock worth $829,730. 2.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina grew its stake in shares of Grand Canyon Education by 22.1% during the second quarter. Treasurer of the State of North Carolina now owns 22,953 shares of the company’s stock valued at $2,686,000 after buying an additional 4,150 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Grand Canyon Education by 13.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 2,431 shares of the company’s stock valued at $284,000 after buying an additional 281 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of Grand Canyon Education during the second quarter valued at about $11,268,000. Neumeier Poma Investment Counsel LLC grew its stake in shares of Grand Canyon Education by 0.7% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 244,319 shares of the company’s stock valued at $28,590,000 after buying an additional 1,650 shares during the last quarter. Finally, Prospect Capital Advisors LLC grew its stake in shares of Grand Canyon Education by 2.4% during the second quarter. Prospect Capital Advisors LLC now owns 196,050 shares of the company’s stock valued at $22,942,000 after buying an additional 4,550 shares during the last quarter. 97.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:LOPE traded up $0.16 during trading on Friday, hitting $110.23. 151,156 shares of the company were exchanged, compared to its average volume of 355,382. The company has a market cap of $5.32 billion, a PE ratio of 21.66, a P/E/G ratio of 1.36 and a beta of 0.75. The stock has a 50 day moving average of $122.69 and a 200 day moving average of $119.53. Grand Canyon Education has a 52-week low of $90.67 and a 52-week high of $132.72. 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 posted its earnings results on Tuesday, August 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.15. The firm had revenue of $174.82 million for the quarter, compared to the consensus estimate of $173.40 million. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. The business’s quarterly revenue was down 26.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.95 earnings per share. Sell-side analysts forecast that Grand Canyon Education will post 5.39 EPS for the current fiscal year.

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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