Robert W. Baird Cuts Grand Canyon Education (LOPE) Price Target to $130.00

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Grand Canyon Education (NASDAQ:LOPE) had its price target lowered by investment analysts at Robert W. Baird from $141.00 to $130.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 24.76% from the company’s previous close.

A number of other research firms have also recently issued reports on LOPE. BidaskClub cut shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $134.00 price target for the company in a report on Thursday, September 6th. Finally, Barrington Research reissued a “buy” rating and issued a $150.00 price target on shares of Grand Canyon Education in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $139.20.

Shares of NASDAQ:LOPE traded up $1.27 during trading on Wednesday, reaching $104.20. The stock had a trading volume of 48,841 shares, compared to its average volume of 296,760. Grand Canyon Education has a 52 week low of $85.14 and a 52 week high of $130.10. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.07 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 1.35 and a beta of 0.81.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Thursday, November 8th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.07. Grand Canyon Education had a net margin of 23.60% and a return on equity of 21.66%. The company had revenue of $155.45 million during the quarter, compared to analysts’ expectations of $153.31 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. Grand Canyon Education’s quarterly revenue was down 34.2% compared to the same quarter last year. As a group, analysts forecast that Grand Canyon Education will post 4.88 EPS for the current fiscal year.

In related news, CEO Brian E. Mueller sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $127.00, for a total value of $3,810,000.00. Following the completion of the sale, the chief executive officer now owns 308,739 shares of the company’s stock, valued at $39,209,853. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO William Stan Meyer sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $127.00, for a total transaction of $1,905,000.00. Following the completion of the sale, the chief operating officer now directly owns 112,261 shares of the company’s stock, valued at approximately $14,257,147. The disclosure for this sale can be found here. In the last three months, insiders sold 96,000 shares of company stock valued at $11,452,970. 2.40% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Aperio Group LLC grew its holdings in Grand Canyon Education by 8.6% during the 2nd quarter. Aperio Group LLC now owns 12,398 shares of the company’s stock worth $1,384,000 after acquiring an additional 983 shares during the period. Alps Advisors Inc. grew its holdings in Grand Canyon Education by 27.5% during the 2nd quarter. Alps Advisors Inc. now owns 5,729 shares of the company’s stock worth $513,000 after acquiring an additional 1,234 shares during the period. First Trust Advisors LP grew its holdings in Grand Canyon Education by 63.3% during the 2nd quarter. First Trust Advisors LP now owns 35,918 shares of the company’s stock worth $4,009,000 after acquiring an additional 13,918 shares during the period. State of Wisconsin Investment Board acquired a new stake in Grand Canyon Education during the 2nd quarter worth $1,034,000. Finally, Sei Investments Co. grew its holdings in Grand Canyon Education by 80.3% during the 2nd quarter. Sei Investments Co. now owns 53,360 shares of the company’s stock worth $5,956,000 after acquiring an additional 23,772 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education Company Profile

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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