Grand Canyon Education, Inc. (NASDAQ:LOPE) Brief Interest Rate Update – MarketBeat | Team Cansler

Grand Canyon Education, Inc. (NASDAQ:LOPE – Get Rating) saw a sharp rise in short interest in October. As of October 31, there was short interest totaling 874,600 shares, a 17.6% increase from the October 15 total of 743,500 shares. Based on an average daily volume of 245,400 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.9% of shares of the stock are shorted.

Institutional investors are banking on education in the Grand Canyon

Institutional investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust added 7.2% to its position in Grand Canyon Education in the third quarter. Parkside Financial Bank & Trust now owns 1,743 shares of the company, valued at $144,000, after purchasing an additional 117 shares last quarter. Quadrant Capital Group LLC increased its position in Grand Canyon Education by 76.5% in the third quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 137 shares last quarter. Yousif Capital Management LLC added 0.8% to its position in Grand Canyon Education during the first quarter. Yousif Capital Management LLC now owns 21,028 shares of the company’s stock valued at $2,042,000 after purchasing an additional 168 shares last quarter. Signaturefd LLC increased its position in Grand Canyon Education by 56.7% during the first quarter. Signaturefd LLC now owns 481 shares of the company’s stock valued at $47,000 after purchasing an additional 174 shares last quarter. Finally, Bessemer Group Inc. increased its position in Grand Canyon Education by 85.3% in the third quarter. Bessemer Group Inc. now owns 415 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares last quarter. 94.51% of the shares are currently owned by hedge funds and other institutional investors.

Grand Canyon Education value for money

LOPE stock shares opened at $108.36 on Monday. The stock has a market cap of $3.38 billion, a P/E of 19.45, a P/E of 1.23, and a beta of 0.53. Grand Canyon Education has a 1 year low of $70.00 and a 1 year high of $109.97. The company has a 50-day moving average of $87.29 and a 200-day moving average of $88.77.

Wall Street analysts forecast growth

A number of equity analysts recently issued reports on the company. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report Saturday, November 5. BMO Capital Markets raised its price target on Grand Canyon Education to $120.00 from $98.00 in a report on Friday. Finally, TheStreet upgraded Grand Canyon Education from a “c+” rating to a “b-” rating in a report Wednesday, November 9th.

About Grand Canyon Education

(received rating)

Grand Canyon Education, Inc provides educational services to colleges and universities throughout the United States. The company’s technology services include learning management systems, internal administration, infrastructure and support services; Academic services include program and curriculum, faculty and related training and development, lesson planning, and skills and simulation labs; and advisory services and support include licensing, financial support, and field experience, as well as other advisory services.

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