Stock Worth Watching: What Next for Grand Canyon Education Inc Stock After Achieving Record High?

Stock Worth Watching: What Next for Grand Canyon Education Inc Stock After Achieving Record High?

The stock of Grand Canyon Education Inc (NASDAQ:LOPE) reached all time high today, Nov, 16 and still has $80.44 target or 44.00% above today’s $55.86 share price. This indicates more upside for the $2.68B company. This technical setup was reported by Barchart.com. If the $80.44 PT is reached, the company will be worth $1.18 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 101,395 shares traded hands. Grand Canyon Education Inc (NASDAQ:LOPE) has risen 30.15% since April 14, 2016 and is uptrending. It has outperformed by 25.46% 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 rating was downgraded by Zacks to “Buy” on Wednesday, August 26. As per Monday, March 7, the company rating was upgraded by Credit Suisse. The stock of Grand Canyon Education Inc (NASDAQ:LOPE) has “Hold” rating given on Tuesday, September 1 by Zacks. Credit Suisse initiated it with “Neutral” rating and $39 target price in Wednesday, February 3 report. Zacks upgraded Grand Canyon Education Inc (NASDAQ:LOPE) on Wednesday, August 12 to “Hold” rating. The company was upgraded on Monday, August 24 by Zacks. The firm has “Outperform” rating by Barrington Research given on Tuesday, August 11. The stock of Grand Canyon Education Inc (NASDAQ:LOPE) has “Overweight” rating given on Friday, August 5 by Piper Jaffray.

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.
Nationwide Fund last reported 0.01% of its portfolio in the stock. Swiss Financial Bank holds 0% or 71,500 shares in its portfolio. Tiaa Cref Investment Lc has invested 0% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). Riverbridge Prtnrs Lc last reported 2.54% of its portfolio in the stock. The New York-based Teachers Advisors has invested 0.03% in Grand Canyon Education Inc (NASDAQ:LOPE). 1St Advsrs has invested 0.03% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE). Franklin Resources Inc holds 1.91 million shares or 0.04% of its portfolio. Moreover, Citigroup has 0% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 17,219 shares. Ameriprise Fincl holds 0% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE) for 162,462 shares. Hightower Advsr Limited Liability Com has 0.01% invested in the company for 15,794 shares. Aperio Gru Limited Liability Corporation accumulated 0% or 6,859 shares. Majedie Asset Mngmt holds 85,231 shares or 0.56% of its portfolio. Jpmorgan Chase & Com accumulated 0% or 479 shares. The Massachusetts-based Wellington Mgmt Grp Llp has invested 0% in Grand Canyon Education Inc (NASDAQ:LOPE). Springbok Capital Ltd Limited Liability Company owns 13,280 shares or 0.07% of their US portfolio.

Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 10 insider sales for $18.19 million net activity. The insider BACHUS DANIEL E sold 22,500 shares worth $1.08M. Roberts Brian M sold $141,721 worth of stock. The insider MUELLER BRIAN E sold $4.81M. 25,000 shares were sold by Meyer William Stan, worth $1.20M. 22,000 shares were sold by Mildenhall Joseph N, worth $953,980. Richardson Brent D. sold 55,000 shares worth $2.64M.

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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