Notable Price Action: Is Buying 52-Week Stock Like Grand Canyon Education Inc a Winning Strategy?

Notable Price Action: Is Buying 52 Week Stock Like Grand Canyon Education Inc a Winning Strategy?

The stock of Grand Canyon Education Inc (NASDAQ:LOPE) hit a new 52-week high and has $84.10 target or 67.00% above today’s $50.36 share price. The 8 months bullish chart indicates low risk for the $2.37 billion company. The 1-year high was reported on Nov, 9 by If the $84.10 price target is reached, the company will be worth $1.59 billion 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 194,425 shares traded hands. Grand Canyon Education Inc (NASDAQ:LOPE) has risen 12.95% since April 7, 2016 and is uptrending. It has outperformed by 8.16% 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. Zacks upgraded the stock to “Hold” rating in Monday, August 24 report. The firm has “Hold” rating given on Tuesday, September 1 by Zacks. The stock of Grand Canyon Education Inc (NASDAQ:LOPE) earned “Neutral” rating by Credit Suisse on Wednesday, February 3. The stock has “Hold” rating given by Zacks on Wednesday, August 12. The stock of Grand Canyon Education Inc (NASDAQ:LOPE) earned “Outperform” rating by Credit Suisse on Monday, March 7. The stock of Grand Canyon Education Inc (NASDAQ:LOPE) earned “Buy” rating by Zacks on Wednesday, August 26. The stock has “Overweight” rating given by Piper Jaffray on Friday, August 5. Barrington Research maintained Grand Canyon Education Inc (NASDAQ:LOPE) on Tuesday, August 11 with “Outperform” 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 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.
American Gp has 0% invested in the company for 25,890 shares. Voya Invest Mgmt Ltd Liability Company, a Georgia-based fund reported 21,818 shares. Zebra Cap Limited Liability Company owns 49,057 shares or 0.68% of their US portfolio. Vaughan Nelson Inv Ltd Partnership last reported 2.11 million shares in the company. Teacher Retirement Of Texas last reported 0% of its portfolio in the stock. Advisory Services Ntwk Ltd Llc accumulated 332 shares or 0% of the stock. Amalgamated Financial Bank holds 4,751 shares or 0.01% of its portfolio. Loomis Sayles Lp has invested 0.07% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). Invesco Limited holds 0% or 38,378 shares in its portfolio. Qs Invsts Llc reported 35 shares or 0% of all its holdings. Oxford Asset Management reported 34,535 shares or 0.06% of all its holdings. Lpl Fincl Limited Liability Corp holds 6,766 shares or 0% of its portfolio. Century Cap Mgmt Ltd holds 213,841 shares or 0.94% of its portfolio. The Illinois-based Ubs Asset Americas has invested 0.01% in Grand Canyon Education Inc (NASDAQ:LOPE). Assetmark, a California-based fund reported 1,305 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 5 sales for $7.25 million net activity. MUELLER BRIAN E also sold $4.31M worth of Grand Canyon Education Inc (NASDAQ:LOPE) shares. 25,000 shares were sold by Meyer William Stan, worth $1.08M. Mildenhall Joseph N sold 22,000 shares worth $953,980. $728,700 worth of Grand Canyon Education Inc (NASDAQ:LOPE) was sold by BACHUS DANIEL E. Roberts Brian M had sold 3,434 shares worth $141,721 on Wednesday, August 31.

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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