OxFORD Asset Management LLP cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 40.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,968 shares of the company’s stock after selling 13,508 shares during the period. OxFORD Asset Management LLP’s holdings in Grand Canyon Education were worth $1,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOPE. William Blair Investment Management LLC grew its stake in shares of Grand Canyon Education by 27.7% during the 2nd quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock valued at $161,065,000 after buying an additional 445,546 shares during the period. Alliancebernstein L.P. grew its stake in shares of Grand Canyon Education by 15.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after buying an additional 245,284 shares during the period. Wells Fargo & Company MN grew its stake in shares of Grand Canyon Education by 42.0% during the 3rd quarter. Wells Fargo & Company MN now owns 528,016 shares of the company’s stock valued at $47,956,000 after buying an additional 156,192 shares during the period. American Century Companies Inc. purchased a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $13,369,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $11,632,000. 96.32% of the stock is owned by institutional investors.

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) opened at $92.13 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. Grand Canyon Education, Inc. has a 12-month low of $56.52 and a 12-month high of $96.15. The firm has a market cap of $4,369.38, a price-to-earnings ratio of 24.08, a P/E/G ratio of 1.79 and a beta of 1.35.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a net margin of 19.32% and a return on equity of 21.40%. The firm had revenue of $236.21 million during the quarter, compared to analysts’ expectations of $231.43 million. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. analysts anticipate that Grand Canyon Education, Inc. will post 3.9 earnings per share for the current year.

Several analysts have recently issued reports on LOPE shares. BMO Capital Markets reissued a “buy” rating and set a $85.00 price objective on shares of Grand Canyon Education in a research note on Monday, September 18th. Robert W. Baird reissued a “buy” rating and set a $100.00 price objective on shares of Grand Canyon Education in a research note on Friday, December 1st. BidaskClub cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Friday. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $102.00 price objective on shares of Grand Canyon Education in a research note on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $100.80.

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About Grand Canyon Education

Grand Canyon Education, Inc is engaged in the provision of postsecondary education. The Company is a regionally accredited university. The Company offers the degrees, including Doctor of Education, Doctor of Business Administration, Doctor of Nursing Practice, Doctor of Philosophy, Education Specialist, Master of Divinity, Master of Arts, Master of Education, Master of Business Administration and Master of Public Administration, Master of Public Health, Master of Science, Bachelor of Arts, Bachelor of Science, and a range of programs for its degrees.

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

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