Grand Canyon Education (NASDAQ:LOPE) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Grand Canyon Education (NASDAQ:LOPE) from a hold rating to a sell rating in a report issued on Friday morning, BidAskClub reports.

Other equities analysts also recently issued research reports about the stock. Robert W. Baird set a $145.00 price objective on shares of Grand Canyon Education and gave the stock a buy rating in a report on Wednesday, July 31st. Zacks Investment Research raised shares of Grand Canyon Education from a hold rating to a buy rating and set a $137.00 price objective on the stock in a report on Friday, August 9th. ValuEngine raised shares of Grand Canyon Education from a hold rating to a buy rating in a report on Wednesday, September 4th. Finally, Barrington Research raised their price objective on shares of Grand Canyon Education from $135.00 to $145.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $139.25.

Shares of NASDAQ LOPE opened at $109.23 on Friday. The firm’s 50-day moving average price is $121.33 and its 200-day moving average price is $119.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. The company has a market cap of $5.28 billion, a PE ratio of 21.46, a PEG ratio of 1.36 and a beta of 0.75. Grand Canyon Education has a 52-week low of $90.67 and a 52-week high of $132.72.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. The firm had revenue of $174.82 million for the quarter, compared to the consensus estimate of $173.40 million. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. The business’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. As a group, equities research analysts anticipate that Grand Canyon Education will post 5.39 EPS for the current fiscal year.

In other Grand Canyon Education news, insider Dilek Marsh sold 1,000 shares of Grand Canyon Education stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $126.83, for a total transaction of $126,830.00. Following the transaction, the insider now owns 26,624 shares of the company’s stock, valued at $3,376,721.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph N. Mildenhall sold 2,000 shares of Grand Canyon Education stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $126.20, for a total transaction of $252,400.00. Following the transaction, the insider now directly owns 58,809 shares in the company, valued at approximately $7,421,695.80. The disclosure for this sale can be found here. In the last three months, insiders sold 7,000 shares of company stock worth $829,730. 2.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Grand Canyon Education during the second quarter valued at approximately $35,000. Icon Wealth Partners LLC bought a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $63,000. Marshall Wace LLP bought a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $77,000. Captrust Financial Advisors raised its position in shares of Grand Canyon Education by 15.6% during the second quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock valued at $96,000 after buying an additional 110 shares during the last quarter. Finally, FTB Advisors Inc. raised its position in shares of Grand Canyon Education by 85.9% during the second quarter. FTB Advisors Inc. now owns 1,069 shares of the company’s stock valued at $125,000 after buying an additional 494 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

Further Reading: Hold Rating

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