Price Action Alert: After Today’s Big Increase, Is Grand Canyon Education Inc’s Near-Term Analysis Positive?

Price Action Alert: After Today's Big Increase, Is Grand Canyon Education Inc's Near Term Analysis Positive?

The stock of Grand Canyon Education Inc (NASDAQ:LOPE) is a huge mover today! About 1.25 million shares traded hands or 473.07% up from the average. Grand Canyon Education Inc (NASDAQ:LOPE) has risen 2.67% since April 1, 2016 and is uptrending. It has outperformed by 1.46% the S&P500.
The move comes after 9 months positive chart setup for the $2.26 billion company. It was reported on Nov, 3 by Barchart.com. We have $72.87 PT which if reached, will make NASDAQ:LOPE worth $1.22B more.

Grand Canyon Education Inc (NASDAQ:LOPE) Ratings Coverage

Out of 5 analysts covering Grand Canyon Education (NASDAQ:LOPE), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Grand Canyon Education has been the topic of 13 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Friday, August 5 by Piper Jaffray. Zacks downgraded Grand Canyon Education Inc (NASDAQ:LOPE) on Wednesday, August 26 to “Buy” rating. The rating was upgraded by Zacks on Tuesday, September 1 to “Hold”. The firm earned “Hold” rating on Wednesday, August 12 by Zacks. Barrington Research maintained Grand Canyon Education Inc (NASDAQ:LOPE) rating on Tuesday, August 11. Barrington Research has “Outperform” rating and $50 price target. On Wednesday, February 3 the stock rating was initiated by Credit Suisse with “Neutral”. As per Monday, August 24, the company rating was upgraded by Zacks. The stock of Grand Canyon Education Inc (NASDAQ:LOPE) has “Outperform” rating given on Monday, March 7 by Credit Suisse.

According to Zacks Investment Research, “Grand Canyon Education, Inc. is a regionally accredited provider of online postsecondary education services focused on offering graduate and undergraduate degree programs in its core disciplines of education, business, and healthcare. In addition to its online programs, it offers programs at its traditional campus in Phoenix, Arizona and onsite at the facilities of employers.”

Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.23, from 1.33 in 2016Q1. The ratio worsened, as 16 funds sold all Grand Canyon Education Inc shares owned while 66 reduced positions. 34 funds bought stakes while 56 increased positions. They now own 45.95 million shares or 1.45% less from 46.63 million shares in 2016Q1.
Quantbot Tech Lp, a New York-based fund reported 2,652 shares. Huntington Fincl Bank has invested 0% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). Geneva Advsr Lc last reported 0.02% of its portfolio in the stock. Glenmede Na has 959,029 shares for 0.23% of their US portfolio. Creative Planning accumulated 175 shares or 0% of the stock. The New York-based Amalgamated Bancorp has invested 0.01% in Grand Canyon Education Inc (NASDAQ:LOPE). The Minnesota-based Arbor Capital Mgmt Limited Co has invested 0.97% in Grand Canyon Education Inc (NASDAQ:LOPE). Mckinley Capital Ltd Limited Liability Company Delaware holds 0.16% or 84,053 shares in its portfolio. The California-based Rs Management Llc has invested 0.32% in Grand Canyon Education Inc (NASDAQ:LOPE). Piedmont Investment Advsrs Ltd reported 57 shares or 0% of all its holdings. Alps Advisors last reported 9,581 shares in the company. Art Advsr Limited Company owns 20,623 shares or 0.04% of their US portfolio. Stevens Cap Management L P last reported 20,808 shares in the company. Franklin Resources Inc holds 0.04% or 1.91 million shares in its portfolio. Fmr Limited Liability Corp accumulated 1.20M shares or 0.01% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 9 selling transactions for $14.22 million net activity. Meyer William Stan sold $1.08 million worth of stock or 25,000 shares. BACHUS DANIEL E also sold $757,925 worth of Grand Canyon Education Inc (NASDAQ:LOPE) on Wednesday, August 10. On Wednesday, August 10 the insider MUELLER BRIAN E sold $4.31 million. The insider Roberts Brian M sold 3,434 shares worth $141,721. $1.04 million worth of Grand Canyon Education Inc (NASDAQ:LOPE) shares were sold by Mildenhall Joseph N.

LOPE Company Profile

Grand Canyon Education, Inc., incorporated on November 26, 2003, is a regionally accredited university. The Firm offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona, at leased facilities and at facilities owned by third-party employers of its students. The Firm offers the degrees of Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees. It also offers certificate programs, which consist of a series of courses focused on a particular area of study for both the post-baccalaureate and post-graduate students. The Firm has over 74,500 students enrolled in its courses, of which approximately 59,310 are enrolled in its online programs and approximately 15,190 are enrolled in its ground programs.

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