Los Angeles Capital Management & Equity Research Inc. lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,331 shares of the company’s stock after buying an additional 200 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Grand Canyon Education were worth $732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Grand Canyon Education by 1,324.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,950 shares of the company’s stock valued at $1,957,000 after buying an additional 23,199 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Grand Canyon Education by 1.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 72,464 shares of the company’s stock valued at $5,681,000 after buying an additional 1,351 shares in the last quarter. Swiss National Bank increased its position in shares of Grand Canyon Education by 1.7% in the 2nd quarter. Swiss National Bank now owns 75,600 shares of the company’s stock valued at $5,928,000 after buying an additional 1,300 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Grand Canyon Education in the 2nd quarter valued at $2,364,000. Finally, Principal Financial Group Inc. increased its position in shares of Grand Canyon Education by 24.9% in the 2nd quarter. Principal Financial Group Inc. now owns 22,882 shares of the company’s stock valued at $1,794,000 after buying an additional 4,565 shares in the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

A number of analysts recently commented on the stock. Barrington Research restated an “outperform” rating and issued a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. BidaskClub cut shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BMO Capital Markets restated a “buy” rating and issued a $85.00 price objective on shares of Grand Canyon Education in a research report on Monday, September 18th. Finally, Zacks Investment Research upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $79.80.

In other Grand Canyon Education news, CEO Brian E. Mueller sold 29,788 shares of Grand Canyon Education stock in a transaction on Monday, July 10th. The shares were sold at an average price of $77.12, for a total value of $2,297,250.56. Following the completion of the sale, the chief executive officer now directly owns 311,312 shares of the company’s stock, valued at $24,008,381.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO William Stan Meyer sold 20,000 shares of Grand Canyon Education stock in a transaction on Monday, July 10th. The shares were sold at an average price of $77.14, for a total transaction of $1,542,800.00. Following the completion of the sale, the chief operating officer now directly owns 118,459 shares of the company’s stock, valued at $9,137,927.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,231 shares of company stock valued at $5,128,139. Insiders own 3.00% of the company’s stock.

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Grand Canyon Education, Inc. (LOPE) opened at 85.17 on Friday. The firm’s 50-day moving average price is $80.56 and its 200-day moving average price is $76.39. The company has a market cap of $4.02 billion, a PE ratio of 23.51 and a beta of 1.40. Grand Canyon Education, Inc. has a 12-month low of $39.07 and a 12-month high of $85.94.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.15. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The firm had revenue of $218.30 million during the quarter, compared to the consensus estimate of $213.08 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that Grand Canyon Education, Inc. will post $3.83 earnings per share for the current fiscal year.

Grand Canyon Education 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.

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

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