Research analysts at Barrington Research have revised their earnings per share estimates for Grand Canyon Education, Inc. for the first quarter of 2024. Analyst A. Paris now predicts the company will earn $2.22 per share, down from the previous estimate of $2.26. Barrington Research maintains an “Outperform” rating and a $160.00 price target on the stock. The consensus estimate for Grand Canyon Education’s full-year earnings is $7.65 per share. Barrington Research also provided estimates for the company’s earnings in the second, third, and fourth quarters of 2024.
Barrington Research Raises EPS Estimate for LOPE Q1
StockNews.com downgraded Grand Canyon Education’s shares from a “buy” recommendation to a “hold” recommendation in a research report released on Saturday, November 11th.
Grand Canyon Education Stock Down 2.5 %
On Thursday, LOPE’s shares began trading at $130.07. Grand Canyon Education’s stock has fluctuated between $99.65 and $144.94 over the past year. The company’s 50-day simple moving average is $131.69, and its 200-day simple moving average is $124.61. It has a market capitalization of $3.90 billion, a PE ratio of 19.13, a P/E/G ratio of 1.16, and a beta of 0.61.
Hedge funds are considering investing in Grand Canyon Education.
A number of hedge funds have recently increased or decreased their investments in Grand Canyon Education. Pinebridge Investments L.P. raised its stake by 40.4% in the second quarter, now owning 10,284 shares valued at $1,061,000. BOKF NA increased its stake by 103.5% in the same quarter, owning 22,803 shares worth $2,353,000. Alaska Permanent Fund Corp raised its position by 10.4% in the third quarter, owning 79,446 shares worth $9,286,000. Renaissance Technologies LLC raised its stake by 59.3% in the second quarter, owning 182,602 shares worth $18,846,000. Van Berkom & Associates Inc. lifted its holdings by 11.9% in the third quarter, owning 871,871 shares worth $101,904,000. In total, 96.07% of the stock is currently owned by hedge funds and other institutional investors.
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About Grand Canyon Education
Grand Canyon Education, Inc offers educational support to colleges and universities in the US. Their technology services include managing systems, administrative support, infrastructure, and assistance services; academic services cover program development, faculty training, class scheduling, and skills development in simulation labs; counseling services provide aid in admissions, financial assistance, and field experience guidance.
