Grand Canyon Education’s (LOPE) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Grand Canyon Education (NASDAQ:LOPE) in a research report report published on Thursday,Benzinga reports. Barrington Research currently has a $230.00 price target on the stock.

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.00.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $174.92 on Thursday. The stock has a 50-day simple moving average of $165.25 and a two-hundred day simple moving average of $173.80. Grand Canyon Education has a 52-week low of $149.37 and a 52-week high of $223.04. The firm has a market capitalization of $4.75 billion, a PE ratio of 22.66, a P/E/G ratio of 1.13 and a beta of 0.67.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.02. Grand Canyon Education had a return on equity of 33.28% and a net margin of 19.54%.The business had revenue of $308.12 million during the quarter, compared to analysts’ expectations of $307.92 million. During the same quarter in the prior year, the business posted $2.95 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Grand Canyon Education will post 8.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grand Canyon Education

Several large investors have recently made changes to their positions in the company. Bank of Montreal Can grew its holdings in Grand Canyon Education by 6,102.7% during the 4th quarter. Bank of Montreal Can now owns 480,460 shares of the company’s stock valued at $79,905,000 after buying an additional 472,714 shares in the last quarter. Norges Bank bought a new position in shares of Grand Canyon Education during the 4th quarter valued at approximately $61,919,000. William Blair Investment Management LLC boosted its position in shares of Grand Canyon Education by 281.9% during the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock valued at $75,362,000 after acquiring an additional 334,486 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Grand Canyon Education by 135.3% in the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock valued at $86,303,000 after purchasing an additional 298,409 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Grand Canyon Education by 523.1% in the fourth quarter. UBS Group AG now owns 194,634 shares of the company’s stock valued at $32,370,000 after purchasing an additional 163,397 shares in the last quarter. 94.17% of the stock is owned by institutional investors.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.