Grand Canyon Education, Inc. $LOPE Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,929 shares of the company’s stock after selling 3,841 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.22% of Grand Canyon Education worth $13,375,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of LOPE. NewEdge Advisors LLC lifted its holdings in Grand Canyon Education by 4,339.5% in the first quarter. NewEdge Advisors LLC now owns 1,909 shares of the company’s stock valued at $330,000 after acquiring an additional 1,866 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Grand Canyon Education by 14.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 115,508 shares of the company’s stock worth $19,985,000 after purchasing an additional 15,019 shares during the period. Empowered Funds LLC increased its holdings in shares of Grand Canyon Education by 2.1% in the 1st quarter. Empowered Funds LLC now owns 7,925 shares of the company’s stock valued at $1,371,000 after purchasing an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Grand Canyon Education by 7.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,214 shares of the company’s stock valued at $21,318,000 after purchasing an additional 8,421 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Grand Canyon Education by 156.9% in the first quarter. Jane Street Group LLC now owns 37,350 shares of the company’s stock valued at $6,462,000 after purchasing an additional 22,812 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Weiss Ratings cut shares of Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Grand Canyon Education has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Price Performance

Shares of LOPE opened at $168.19 on Tuesday. The firm has a 50 day simple moving average of $168.42 and a 200-day simple moving average of $185.11. Grand Canyon Education, Inc. has a 1-year low of $149.83 and a 1-year high of $223.04. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.12 and a beta of 0.74.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.