The stock of Grand Canyon Education Inc (NASDAQ:LOPE) hit a new 52-week high and has $62.21 target or 7.00% above today’s $58.14 share price. The 8 months bullish chart indicates low risk for the $2.76 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $62.21 price target is reached, the company will be worth $193.20 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. The stock increased 2.27% or $1.29 during the last trading session, hitting $58.14. About 202,759 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 $46.52M 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 downgraded by Zacks on Wednesday, August 26 to “Buy”. The firm earned “Hold” rating on Wednesday, August 12 by Zacks. The rating was maintained by Piper Jaffray on Friday, August 5 with “Overweight”. The firm earned “Hold” rating on Monday, August 24 by Zacks. Zacks upgraded it to “Hold” rating and $41 target price in Tuesday, September 1 report. The firm earned “Neutral” rating on Wednesday, February 3 by Credit Suisse. Barrington Research maintained the stock with “Outperform” rating in Tuesday, August 11 report. Credit Suisse upgraded the shares of LOPE in a report on Monday, March 7 to “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 1.02 in 2016 Q2. 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.
Blackrock owns 4,125 shares or 0% of their US portfolio. First Personal Svcs accumulated 323 shares or 0% of the stock. Renaissance Tech Limited Liability Company accumulated 958,900 shares or 0.07% of the stock. Moreover, Stevens Mgmt L P has 0.03% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 20,808 shares. Analytic Invsts Limited Liability Corp has 0.01% invested in the company for 11,730 shares. Moreover, Citigroup has 0% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 17,219 shares. Vanguard Grp Incorporated holds 0.01% or 3.33 million shares in its portfolio. Fifth Third Bank accumulated 2,385 shares or 0% of the stock. Barclays Public Ltd has 0% invested in the company for 53,287 shares. Moreover, Seven Locks Capital Management L P has 3.41% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 156,881 shares. Advsrs Asset accumulated 0% or 7,265 shares. Northern holds 965,297 shares or 0.01% of its portfolio. Moreover, Fdx has 0.03% invested in Grand Canyon Education Inc (NASDAQ:LOPE) for 15,139 shares. Livforsakringsbolaget Skandia Omsesidigt holds 7,600 shares or 0.01% of its portfolio. Loomis Sayles Lp last reported 0.07% of its portfolio in the stock.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 10 sales for $18.19 million net activity. Roberts Brian M had sold 3,434 shares worth $141,721. Mildenhall Joseph N also sold $1.20M worth of Grand Canyon Education Inc (NASDAQ:LOPE) shares. On Monday, November 7 Meyer William Stan sold $1.20 million worth of the stock or 25,000 shares. The insider MUELLER BRIAN E sold 100,000 shares worth $4.81M. 55,000 shares with value of $2.64 million were sold by Richardson Brent D. on Tuesday, November 8. Another trade for 17,500 shares valued at $757,925 was sold by BACHUS DANIEL E.
More news for Grand Canyon Education Inc (NASDAQ:LOPE) were recently published by: Wsj.com, which released: “Grand Canyon Education Backs Out of Nonprofit Plans” on March 04, 2016. Globenewswire.com‘s article titled: “Grand Canyon Education, Inc. Announces Third Quarter 2016 Earnings Release …” and published on October 05, 2016 is yet another important article.
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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