Grand Canyon Education (NASDAQ:LOPE) Receives “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a report released on Tuesday morning,Benzinga reports. The firm currently has a $205.00 price objective on the stock.

A number of other brokerages also recently commented on LOPE. StockNews.com raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. BMO Capital Markets raised their price objective on Grand Canyon Education from $181.00 to $202.00 and gave the company an “outperform” rating in a research report on Friday, February 21st.

Grand Canyon Education Trading Up 2.1 %

LOPE stock opened at $177.74 on Tuesday. The stock has a 50-day moving average price of $175.13 and a two-hundred day moving average price of $163.95. The company has a market cap of $5.11 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. Grand Canyon Education has a 12-month low of $126.17 and a 12-month high of $192.18.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, February 19th. The company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.02. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The firm had revenue of $292.57 million during the quarter, compared to the consensus estimate of $289.62 million. Equities analysts forecast that Grand Canyon Education will post 8.81 EPS for the current fiscal year.

Institutional Trading of Grand Canyon Education

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Grand Canyon Education by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,225 shares of the company’s stock valued at $692,000 after purchasing an additional 63 shares during the period. Pallas Capital Advisors LLC boosted its position in Grand Canyon Education by 5.0% in the 1st quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company’s stock valued at $234,000 after buying an additional 65 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Grand Canyon Education by 1.5% during the third quarter. DGS Capital Management LLC now owns 4,399 shares of the company’s stock valued at $624,000 after acquiring an additional 67 shares in the last quarter. Barclays PLC grew its stake in shares of Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company’s stock valued at $2,692,000 after acquiring an additional 84 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of Grand Canyon Education by 1.6% during the third quarter. MML Investors Services LLC now owns 5,740 shares of the company’s stock worth $814,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.