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.

Several analysts recently weighed in on LOPE shares. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Wednesday, January 9th. Barrington Research restated a “buy” rating and issued a $150.00 target price on shares of Grand Canyon Education in a report on Tuesday, December 18th. BidaskClub lowered shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Friday, November 16th. ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, January 11th. Finally, Robert W. Baird dropped their target price on shares of Grand Canyon Education from $141.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, December 19th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $125.80.

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.

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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.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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