The stock of Grand Canyon Education Inc (NASDAQ:LOPE) reached all time high today, Nov, 25 and still has $61.63 target or 6.00% above today’s $58.14 share price. This indicates more upside for the $2.76 billion company. This technical setup was reported by Barchart.com. If the $61.63 PT is reached, the company will be worth $165.60 million 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. The stock increased 2.27% or $1.29 during the last trading session, hitting $58.14. About 222,833 shares traded hands. Grand Canyon Education Inc (NASDAQ:LOPE) has risen 28.65% since April 22, 2016 and is uptrending. It has outperformed by 23.24% the S&P500.
Analysts await Grand Canyon Education Inc (NASDAQ:LOPE) to report earnings on February, 15. They expect $0.98 earnings per share, up 20.99% or $0.17 from last year’s $0.81 per share. LOPE’s profit will be $46.52 million for 14.83 P/E if the $0.98 EPS becomes a reality. After $0.67 actual earnings per share reported by Grand Canyon Education Inc for the previous quarter, Wall Street now forecasts 46.27% EPS growth.
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 upgraded by Zacks on Monday, August 24 to “Hold”. The firm has “Buy” rating by Zacks given on Wednesday, August 26. Zacks upgraded the stock to “Hold” rating in Tuesday, September 1 report. The rating was maintained by Piper Jaffray with “Overweight” on Friday, August 5. The rating was maintained by Barrington Research on Tuesday, August 11 with “Outperform”. The rating was initiated by Credit Suisse on Wednesday, February 3 with “Neutral”. The rating was upgraded by Zacks on Wednesday, August 12 to “Hold”. The firm 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 1.02 in Q2 2016. Its down 0.08, from 1.1 in 2016Q1. The ratio dropped, 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 has 0.03% invested in the company for 1,170 shares. D E Shaw & Inc has 147,304 shares for 0.01% of their US portfolio. Jpmorgan Chase holds 0% or 479 shares in its portfolio. Pitcairn accumulated 0.05% or 10,210 shares. Thornburg Investment Mgmt Inc has 0.29% invested in the company for 935,537 shares. Morgan Stanley last reported 125,679 shares in the company. The New York-based Timessquare Mngmt Ltd Llc has invested 0.21% in Grand Canyon Education Inc (NASDAQ:LOPE). Deutsche National Bank & Trust Ag reported 89,256 shares or 0% of all its holdings. Advisory Ser Ntwk Ltd holds 0% of its portfolio in Grand Canyon Education Inc (NASDAQ:LOPE) for 332 shares. The Connecticut-based Cubist Systematic Strategies has invested 0.02% in Grand Canyon Education Inc (NASDAQ:LOPE). Fdx Advsrs, a California-based fund reported 15,139 shares. Bell Bank & Trust Tru, a North Dakota-based fund reported 6,870 shares. Majedie Asset Mngmt has 0.56% invested in the company for 85,231 shares. Tradewinds Glob Investors Ltd Liability owns 5,940 shares or 0.02% of their US portfolio. First Personal Finance Ser, a North Carolina-based fund reported 323 shares.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 10 selling transactions for $18.19 million net activity. BACHUS DANIEL E sold $757,925 worth of stock. Meyer William Stan also sold $1.08 million worth of Grand Canyon Education Inc (NASDAQ:LOPE) on Wednesday, August 10. MUELLER BRIAN E sold 100,000 shares worth $4.81 million. The insider Mildenhall Joseph N sold $1.20M. $141,721 worth of Grand Canyon Education Inc (NASDAQ:LOPE) was sold by Roberts Brian M. Another trade for 55,000 shares valued at $2.64 million was sold by Richardson Brent D..
Another recent and important Grand Canyon Education Inc (NASDAQ:LOPE) news was published by Globenewswire.com which published an article titled: “Grand Canyon Education, Inc. Announces Third Quarter 2016 Earnings Release …” on October 05, 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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