Envestnet Asset Management Inc. cut its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,329 shares of the company’s stock after selling 11,017 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of Grand Canyon Education worth $6,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of LOPE. Alps Advisors Inc. lifted its holdings in shares of Grand Canyon Education by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,113 shares of the company’s stock valued at $558,000 after purchasing an additional 19 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Grand Canyon Education by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock valued at $284,000 after purchasing an additional 48 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in shares of Grand Canyon Education by 0.4% in the second quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock valued at $1,697,000 after purchasing an additional 87 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Grand Canyon Education by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock valued at $143,000 after purchasing an additional 139 shares in the last quarter. Finally, Wrapmanager Inc. lifted its holdings in shares of Grand Canyon Education by 3.3% in the second quarter. Wrapmanager Inc. now owns 4,650 shares of the company’s stock valued at $365,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.

A number of brokerages have recently commented on LOPE. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Piper Jaffray Companies boosted their price target on Grand Canyon Education from $83.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. BMO Capital Markets restated a “buy” rating and issued a $97.00 price target on shares of Grand Canyon Education in a report on Wednesday, October 25th. Finally, Barrington Research restated an “outperform” rating and issued a $103.00 price target (up from $98.00) on shares of Grand Canyon Education in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $100.40.

Shares of Grand Canyon Education, Inc. (NASDAQ LOPE) opened at $93.95 on Friday. Grand Canyon Education, Inc. has a twelve month low of $56.52 and a twelve month high of $96.15. The stock has a market capitalization of $4,519.03, a PE ratio of 24.91, a P/E/G ratio of 1.85 and a beta of 1.35. 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 (NASDAQ:LOPE) last released its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The business had revenue of $236.21 million for the quarter, compared to analyst estimates of $231.43 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. Grand Canyon Education’s revenue was up 12.2% on a year-over-year basis. analysts expect that Grand Canyon Education, Inc. will post 3.9 EPS for the current fiscal year.

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Grand Canyon Education Company Profile

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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