Grand Canyon Education (NASDAQ:LOPE) Stock Rating Reaffirmed by Barrington Research

Barrington Research reiterated their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE - Free Report) in a research report report published on Thursday morning, Benzinga reports. They currently have a $160.00 price objective on the stock.

Grand Canyon Education Price Performance

Shares of NASDAQ:LOPE traded up $0.31 during trading on Thursday, reaching $131.08. The company had a trading volume of 151,078 shares, compared to its average volume of 197,544. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59. The stock's fifty day moving average price is $132.85 and its 200 day moving average price is $130.67. Grand Canyon Education has a fifty-two week low of $99.65 and a fifty-two week high of $144.94.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.72 by $0.05. Grand Canyon Education had a return on equity of 31.75% and a net margin of 21.33%. The firm had revenue of $278.28 million for the quarter, compared to analyst estimates of $275.00 million. On average, equities analysts anticipate that Grand Canyon Education will post 7.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Dilek Marsh sold 1,500 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the transaction, the chief technology officer now owns 25,674 shares of the company's stock, valued at $3,405,656.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Grand Canyon Education

Large investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in Grand Canyon Education in the fourth quarter valued at $33,000. Cornerstone Planning Group LLC acquired a new stake in Grand Canyon Education in the second quarter valued at $33,000. CWM LLC grew its holdings in Grand Canyon Education by 98.4% in the third quarter. CWM LLC now owns 373 shares of the company's stock valued at $44,000 after purchasing an additional 185 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Grand Canyon Education in the fourth quarter valued at $54,000. Finally, Blue Trust Inc. lifted its position in shares of Grand Canyon Education by 120.2% in the fourth quarter. Blue Trust Inc. now owns 425 shares of the company's stock valued at $56,000 after acquiring an additional 232 shares in the last quarter. Institutional investors and hedge funds 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.