ClariVest Asset Management LLC Has $3.19 Million Position in Grand Canyon Education Inc (LOPE)
ClariVest Asset Management LLC decreased its holdings in Grand Canyon Education Inc (NASDAQ:LOPE) by 18.3% during the 4th quarter, Holdings Channel reports. The firm owned 33,215 shares of the company’s stock after selling 7,418 shares during the period. ClariVest Asset Management LLC’s holdings in Grand Canyon Education were worth $3,192,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Grand Canyon Education in the fourth quarter worth $123,000. CIBC Asset Management Inc bought a new stake in shares of Grand Canyon Education in the third quarter worth $200,000. Glenmede Trust Co. NA grew its stake in shares of Grand Canyon Education by 165.7% in the third quarter. Glenmede Trust Co. NA now owns 1,969 shares of the company’s stock worth $221,000 after purchasing an additional 1,228 shares during the last quarter. Hardy Reed LLC bought a new stake in shares of Grand Canyon Education in the fourth quarter worth $225,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Grand Canyon Education in the third quarter worth $237,000. 94.26% of the stock is currently owned by institutional investors.
In other news, CFO Daniel E. Bachus sold 15,000 shares of the company’s stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $111.39, for a total transaction of $1,670,850.00. Following the transaction, the chief financial officer now owns 111,611 shares in the company, valued at $12,432,349.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian E. Mueller sold 30,000 shares of the company’s stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $111.39, for a total transaction of $3,341,700.00. Following the transaction, the chief executive officer now owns 308,339 shares in the company, valued at approximately $34,345,881.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,000 shares of company stock worth $5,233,970. 2.40% of the stock is owned by company insiders.
LOPE stock opened at $94.88 on Thursday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 23.96, a PEG ratio of 1.13 and a beta of 0.96. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.05. Grand Canyon Education Inc has a 12-month low of $89.05 and a 12-month high of $130.10.
COPYRIGHT VIOLATION WARNING: This report was originally published by Watch List News and is the property of of Watch List News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/clarivest-asset-management-llc-has-3-19-million-position-in-grand-canyon-education-inc-lope/2819467.html.
About Grand Canyon Education
Grand Canyon Education, Inc, together with its subsidiaries, provides education services in the United States and Canada. The company operates Grand Canyon University that offers approximately 225 graduate and undergraduate degree programs and certificates across 9 colleges online and on ground through campus in Phoenix, Arizona; leased facilities; and facilities owned by third party employers.
Featured Story: What are Institutional Investors?
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education Inc (NASDAQ:LOPE).
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.