Grand Canyon Education (NASDAQ:LOPE – Get a Grade) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note released Saturday to investors.
Separately, TheStreet reduced Grand Canyon Education’s shares from a “b-” rating to a “c+” rating in a Tuesday, August 23 report.
Grand Canyon Education Awards Performance
Grand Canyon Education shares opened at $101.30 on Friday. Grand Canyon Education has a 1 year minimum of $70.00 and a 1 year maximum of $104.14. The company’s 50-day moving average is $84.90 and its two-hundred-day moving average is $88.74. The stock has a market capitalization of $3.16 billion, a price/earnings ratio of 18.19, a PEG ratio of 1.15 and a beta of 0.53.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last released its results on Thursday, August 4. The company reported earnings per share (EPS) of $0.85 for the quarter, beating the consensus estimate of $0.84 by $0.01. Grand Canyon Education had a net margin of 21.99% and a return on equity of 27.54%. The company posted revenue of $199.80 million for the quarter, compared to $201.07 million expected by analysts. During the same period of the previous year, the company achieved EPS of $1.12. The company’s quarterly revenue fell 0.8% year-over-year. On average, stock analysts expect Grand Canyon Education to post earnings per share of 5.85 for the current year.
Grand Canyon Education Institutional Trade
A number of institutional investors have recently changed their stake in the company. Russell Investments Group Ltd. increased its holdings of Grand Canyon Education stock by 48.0% in Q3. Russell Investments Group Ltd. now owns 229,559 shares of the company valued at $18,899,000 after purchasing an additional 74,435 shares last quarter. First Republic Investment Management Inc. increased its holdings of Grand Canyon Education stock by 3.4% in Q3. First Republic Investment Management Inc. now owns 7,054 shares of the company valued at $580,000 after buying 233 additional shares last quarter. Teacher Retirement System of Texas increased its holdings of Grand Canyon Education stock by 247.6% in Q3. Teacher Retirement System of Texas now owns 20,701 shares of the company valued at $1,703,000 after buying 14,746 additional shares last quarter. Empirical Financial Services LLC dba Empirical Wealth Management increased its holdings of Grand Canyon Education stock by 90.2% in Q3. Empirical Financial Services LLC dba Empirical Wealth Management now owns 6,352 shares of the company valued at $522,000 after buying 3,012 additional shares last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in Grand Canyon Education shares by 1,110.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 41,708 shares of the company valued at $3,413,000 after purchasing an additional 38,263 shares in the last quarter. 94.51% of the shares are currently held by institutional investors.
Grand Canyon Education Corporate Profile
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Grand Canyon Education, Inc provides educational services to colleges and universities across the United States. The company’s technology services include learning management system, internal administration, infrastructure and support services; academic services include curriculum and curriculum, faculty and related training and development, course planning, and skills and simulation lab sites; and counseling and support services include admission, financial aid, field experience, and other counseling services.
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