Price Action Report: Grand Canyon Education Inc on Focus After Trading At All-Time Highs

Price Action Report: Grand Canyon Education Inc on Focus After Trading At All Time Highs

The stock of Grand Canyon Education Inc (NASDAQ:LOPE) reached all time high today, Nov, 10 and still has $86.69 target or 62.00% above today’s $53.51 share price. This indicates more upside for the $2.80B company. This technical setup was reported by Barchart.com. If the $86.69 PT is reached, the company will be worth $1.74 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 167,606 shares traded hands. Grand Canyon Education Inc (NASDAQ:LOPE) has risen 24.56% since April 8, 2016 and is uptrending. It has outperformed by 18.91% 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 stock has “Hold” rating given by Zacks on Monday, August 24. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Hold”. Piper Jaffray maintained the stock with “Overweight” rating in Friday, August 5 report. On Monday, March 7 the stock rating was upgraded by Credit Suisse to “Outperform”. Barrington Research maintained Grand Canyon Education Inc (NASDAQ:LOPE) rating on Tuesday, August 11. Barrington Research has “Outperform” rating and $50 price target. The stock has “Hold” rating given by Zacks on Wednesday, August 12. Zacks downgraded the stock to “Buy” rating in Wednesday, August 26 report. Credit Suisse initiated Grand Canyon Education Inc (NASDAQ:LOPE) on Wednesday, February 3 with “Neutral” 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 turned negative, 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.
Los Angeles Capital And Equity Rech has 0% invested in the company for 7,384 shares. Parametric Portfolio Limited Liability Com has 0.01% invested in the company for 118,095 shares. Great West Life Assurance Can has 5,454 shares for 0% of their US portfolio. Conestoga Cap Advsrs Ltd Limited Liability Company has invested 1.67% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). Credit Agricole S A has invested 0.01% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). Zacks Mngmt has invested 0.03% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). The Pennsylvania-based Stevens Cap Mgmt Limited Partnership has invested 0.03% in Grand Canyon Education Inc (NASDAQ:LOPE). Royal Natl Bank Of Canada accumulated 1.23M shares or 0.03% of the stock. Century Cap Mngmt Lc has 0.94% invested in the company for 213,841 shares. State Street accumulated 821,215 shares or 0% of the stock. Moreover, Usa Financial Portformulas has 0.39% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 35,530 shares. Franklin Res Inc accumulated 1.91M shares or 0.04% of the stock. Teacher Retirement Systems Of Texas accumulated 6,262 shares or 0% of the stock. Envestnet Asset Inc reported 136,291 shares or 0.02% of all its holdings. Nomura Inc, a Japan-based fund reported 5,294 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 10 insider sales for $18.19 million net activity. 25,000 shares were sold by Mildenhall Joseph N, worth $1.04 million on Thursday, May 12. On Wednesday, August 10 Meyer William Stan sold $1.08 million worth of the stock or 25,000 shares. MUELLER BRIAN E had sold 100,000 shares worth $4.31M. Another trade for 3,434 shares valued at $141,721 was made by Roberts Brian M on Wednesday, August 31. On Monday, November 7 the insider BACHUS DANIEL E sold $1.08 million. $2.64 million worth of Grand Canyon Education Inc (NASDAQ:LOPE) was sold by Richardson Brent D..

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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