Grand Canyon Education (LOPE) Reaches New 52-Week High and Low at $111.34

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) reached a new 52-week high and low during trading on Monday . The stock traded as low as $111.34 and last traded at $110.95, with a volume of 76200 shares changing hands. The stock had previously closed at $109.50.

Several analysts have recently commented on the stock. Barrington Research reissued a “buy” rating and set a $115.00 price target on shares of Grand Canyon Education in a research note on Monday. BidaskClub raised shares of Grand Canyon Education from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 13th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “strong-buy” rating and set a $117.00 price target on the stock in a research note on Tuesday, February 27th. Piper Jaffray increased their price target on shares of Grand Canyon Education to $114.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $109.60.

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The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.06. The company has a market cap of $5,288.00, a P/E ratio of 27.93, a P/E/G ratio of 1.61 and a beta of 1.19.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.09. Grand Canyon Education had a net margin of 20.87% and a return on equity of 21.20%. The firm had revenue of $271.42 million for the quarter, compared to analysts’ expectations of $268.42 million. During the same period last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. equities analysts anticipate that Grand Canyon Education, Inc. will post 4.7 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Koch Industries Inc. bought a new position in Grand Canyon Education in the fourth quarter valued at approximately $224,000. Jane Street Group LLC bought a new position in Grand Canyon Education in the fourth quarter valued at approximately $225,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Grand Canyon Education by 46.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,673 shares of the company’s stock valued at $239,000 after acquiring an additional 846 shares during the last quarter. Atria Investments LLC bought a new position in Grand Canyon Education in the fourth quarter valued at approximately $261,000. Finally, Polen Capital Management LLC bought a new position in Grand Canyon Education in the fourth quarter valued at approximately $274,000. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

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About Grand Canyon Education

Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.

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