Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 676,100 shares, a growth of 12.6% from the February 13th total of 600,400 shares. Based on an average trading volume of 216,100 shares, the short-interest ratio is currently 3.1 days. Approximately 2.2% of the shares of the stock are short sold.
Grand Canyon Education Stock Down 0.0 %
LOPE stock opened at $108.42 on Thursday. Grand Canyon Education has a 52 week low of $78.37 and a 52 week high of $121.60. The firm has a 50-day simple moving average of $113.39 and a 200-day simple moving average of $101.71. The stock has a market capitalization of $3.37 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.13 and a beta of 0.60.
Grand Canyon Education (NASDAQ:LOPE – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.11. The company had revenue of $258.70 million for the quarter, compared to analysts’ expectations of $256.17 million. Grand Canyon Education had a return on equity of 30.24% and a net margin of 20.26%. Grand Canyon Education’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. On average, analysts expect that Grand Canyon Education will post 6.39 earnings per share for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
LOPE has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Grand Canyon Education from $125.00 to $126.00 and gave the stock an “outperform” rating in a report on Tuesday, February 21st. Barrington Research upped their target price on Grand Canyon Education from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th.
About Grand Canyon Education
Grand Canyon Education, Inc engages in the provision of education services. It offers graduate and undergraduate degree programs and certificates across colleges. The company was founded by Christopher C. Richardson and Brent D. Richardson in November 2003 and is headquartered in Phoenix, AZ.
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