Grand Canyon Education (NASDAQ:LOPE – Get Rating) was the target of a sharp decline in short-selling rates in August. As of Aug. 31, there were a total of 893,700 shares shorted, down 14.9% from the Aug. 15 total of 1,050,000 shares. About 2.9% of the company’s shares have been sold short. Based on an average daily trading volume of 312,600 shares, the ratio of days covered is currently 2.9 days.

Institutional investors value Grand Canyon education

Institutional investors have recently increased or decreased their stakes in equities. Private Capital Group LLC increased his stake in Grand Canyon Education by 52.7% in the first quarter. Private Capital Group LLC now owns 287 shares of the company worth $28,000 after purchasing an additional 99 shares of him last quarter. Crewe Advisors LLC purchased new shares of Grand Canyon Education for approximately $29,000 in the first quarter. Northwestern Mutual Wealth Management Co. purchased new shares in Grand Canyon Education for approximately $43,000 in the first quarter. Signaturefd LLC increased its stake in Grand Canyon Education by 56.7% in the first quarter. Signaturefd LLC now owns 481 shares of the company stock valued at $47,000 after purchasing an additional 174 shares during this period. Finally, EverSource Wealth Advisors LLC purchased new shares of Grand Canyon Education for approximately $63,000 in the second quarter. Institutional investors and hedge funds own 94.51% of the company’s shares.

Analyst upgrades and downgrades

Separately, TheStreet downgraded Grand Canyon Education stock from a ‘b-‘ rating to a ‘c+’ rating in its research report on Tuesday, August 23.

Grand Canyon Education Price/Performance Ratio

NASDAQ:LOPE rose $0.62 to $85.09 in Friday noon trading. The company’s stock had a trading volume of 593,829 shares against an average trading volume of 208,455 shares. Grand Canyon Education has a 52-week low of $70.00 and a 52-week high of $102.04. The company has a 50-day moving average of $86.95 and a 200-day moving average of $91.15. The company has a market capitalization of $2.72 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.01 and a beta of 0.49.

Grand Canyon Education (NASDAQ:LOPE – Get Rating) last published its quarterly earnings data on Thursday, August 4th. The company reported quarterly EPS of $0.85, $0.01 above analyst consensus expectations of $0.84. The business generated $199.8 million in revenue for the quarter, compared to analyst expectations of $201.07 million. Grand Canyon Education had a net profit margin of 23.99% and a return on equity of 23.44%. Business revenue decreased by 0.8% year-on-year. During the same quarter last year, the company earned his EPS of $1.12. As a group, analysts expect Grand Canyon Education to record 5.63 EPS this year.

About Grand Canyon Education

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Grand Canyon Education, Inc. provides educational services to US colleges and universities. The company’s technical services include learning management systems, internal administration, infrastructure and support services. Academic services include programs and curricula, faculty and related training and development, class scheduling, skills and simulation lab sites. Counseling services and support include admissions, financial aid, field experience, and other counseling services.

References

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