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Grand Canyon Education (NASDAQ:LOPE) Shares Down 4.5% - Time to Sell?

Grand Canyon Education logo with Consumer Discretionary background

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Get Free Report) dropped 4.5% during trading on Wednesday . The company traded as low as $180.68 and last traded at $180.81. Approximately 64,660 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 203,154 shares. The stock had previously closed at $189.29.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LOPE shares. Wall Street Zen cut shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Barrington Research upped their price target on Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th.

Check Out Our Latest Analysis on LOPE

Grand Canyon Education Stock Up 0.6%

The stock has a market capitalization of $5.21 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. The company's fifty day moving average price is $189.55 and its 200-day moving average price is $178.04.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The firm had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the previous year, the firm earned $2.35 EPS. Grand Canyon Education's quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 earnings per share for the current year.

Institutional Trading of Grand Canyon Education

A number of institutional investors have recently made changes to their positions in LOPE. GeoWealth Management LLC purchased a new stake in Grand Canyon Education in the fourth quarter worth approximately $25,000. SVB Wealth LLC purchased a new position in shares of Grand Canyon Education in the 1st quarter worth $26,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grand Canyon Education in the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in Grand Canyon Education during the first quarter valued at $35,000. Finally, WPG Advisers LLC purchased a new stake in Grand Canyon Education during the first quarter valued at $44,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Company Profile

(Get Free Report)

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.

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