Grand Canyon Education (NASDAQ:LOPE) Price Target Increased to $165.00 by Analysts at Barrington Research

Grand Canyon Education (NASDAQ:LOPE - Free Report) had its price objective upped by Barrington Research from $160.00 to $165.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

LOPE has been the subject of several other research reports. BMO Capital Markets lifted their price target on Grand Canyon Education from $150.00 to $155.00 and gave the stock an outperform rating in a research note on Wednesday. Robert W. Baird lifted their target price on shares of Grand Canyon Education from $165.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday.

Grand Canyon Education Stock Performance

LOPE stock traded up $7.30 during trading on Wednesday, reaching $147.08. 466,651 shares of the company were exchanged, compared to its average volume of 201,720. The stock's 50 day moving average price is $133.28 and its 200 day moving average price is $132.36. Grand Canyon Education has a 52-week low of $99.65 and a 52-week high of $156.56. The company has a market cap of $4.38 billion, a P/E ratio of 21.63, a PEG ratio of 1.19 and a beta of 0.60.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.35 EPS for the quarter, topping the consensus estimate of $2.22 by $0.13. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The business had revenue of $274.68 million for the quarter, compared to analyst estimates of $272.42 million. During the same quarter in the previous year, the company earned $2.00 EPS. The company's quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts forecast that Grand Canyon Education will post 7.65 EPS for the current year.

Insider Buying and Selling at Grand Canyon Education

In other news, CTO Dilek Marsh sold 1,500 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $132.65, for a total value of $198,975.00. Following the completion of the transaction, the chief technology officer now owns 25,674 shares of the company's stock, valued at $3,405,656.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Grand Canyon Education

A number of hedge funds and other institutional investors have recently made changes to their positions in LOPE. SG Americas Securities LLC increased its holdings in shares of Grand Canyon Education by 29.9% during the 1st quarter. SG Americas Securities LLC now owns 3,192 shares of the company's stock worth $435,000 after buying an additional 734 shares during the last quarter. Empowered Funds LLC increased its stake in Grand Canyon Education by 190.7% during the first quarter. Empowered Funds LLC now owns 26,081 shares of the company's stock worth $3,552,000 after acquiring an additional 17,108 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Grand Canyon Education by 38.9% in the 1st quarter. Gallacher Capital Management LLC now owns 3,425 shares of the company's stock worth $467,000 after purchasing an additional 960 shares during the period. Texas Permanent School Fund Corp lifted its stake in shares of Grand Canyon Education by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,868 shares of the company's stock valued at $3,523,000 after purchasing an additional 335 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Grand Canyon Education by 17.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 24,503 shares of the company's stock worth $3,338,000 after purchasing an additional 3,604 shares during the period. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Company Profile

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.