The stock of Grand Canyon Education Inc (NASDAQ:LOPE) hit a new 52-week high and has $62.62 target or 32.00% above today’s $47.44 share price. The 5 months bullish chart indicates low risk for the $2.28B company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $62.62 price target is reached, the company will be worth $729.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 449,158 shares traded hands or 105.92% 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.
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 “Neutral” rating given on Wednesday, February 3 by Credit Suisse. The firm earned “Overweight” rating on Friday, August 5 by Piper Jaffray. The stock has “Outperform” rating given by Credit Suisse on Monday, March 7. Zacks upgraded Grand Canyon Education Inc (NASDAQ:LOPE) rating on Tuesday, September 1. Zacks has “Hold” rating and $41 price target. Barrington Research maintained Grand Canyon Education Inc (NASDAQ:LOPE) on Tuesday, August 11 with “Outperform” rating. The rating was upgraded by Zacks to “Hold” on Wednesday, August 12. The stock of Grand Canyon Education Inc (NASDAQ:LOPE) has “Buy” rating given on Wednesday, August 26 by Zacks. Zacks upgraded the shares of LOPE in a report on Monday, August 24 to “Hold” rating.
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 Q2 2016. 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.
Wealthtrust accumulated 0.03% or 1,170 shares. Capstone Advsrs Lc has invested 0.01% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). Geneva Advsrs Limited Liability Company accumulated 21,644 shares or 0.02% of the stock. Moreover, Herndon Cap Mgmt Limited Liability Corporation has 0% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 162 shares. Campbell & Company Invest Adviser Ltd Liability Company last reported 7,849 shares in the company. Fmr Ltd Llc has 1.20M shares for 0.01% of their US portfolio. Dimensional Fund Lp holds 0.03% or 1.13 million shares in its portfolio. Blackrock Lc last reported 21,609 shares in the company. Parkside Bank And Tru accumulated 0.04% or 1,886 shares. Clark holds 193,710 shares or 0.5% of its portfolio. Pnc Grp accumulated 43,686 shares or 0% of the stock. Da Davidson And accumulated 0.01% or 6,098 shares. Moreover, Advsrs Asset Mngmt has 0% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 7,265 shares. Acadian Asset Mgmt Ltd Liability Co has 17 shares for 0% of their US portfolio. Alliancebernstein Lp has invested 0.06% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE).
Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 9 insider sales for $14.22 million net activity. MUELLER BRIAN E had sold 100,000 shares worth $4.16M on Thursday, May 12. BACHUS DANIEL E sold $728,700 worth of stock. 3,434 shares were sold by Roberts Brian M, worth $141,721 on Wednesday, August 31. The insider Meyer William Stan sold $1.08 million. Mildenhall Joseph N had sold 22,000 shares worth $953,980 on Wednesday, August 10.
Another recent and important Grand Canyon Education Inc (NASDAQ:LOPE) news was published by Wsj.com which published an article titled: “Grand Canyon Education Backs Out of Nonprofit Plans” on March 04, 2016.
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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