Strs Ohio decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,600 shares of the company’s stock after selling 600 shares during the period. Strs Ohio’s holdings in Grand Canyon Education were worth $1,615,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in LOPE. Acadian Asset Management LLC raised its stake in shares of Grand Canyon Education by 49.3% in the second quarter. Acadian Asset Management LLC now owns 115,520 shares of the company’s stock valued at $9,059,000 after buying an additional 38,148 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Grand Canyon Education by 128.0% in the second quarter. Russell Investments Group Ltd. now owns 347,481 shares of the company’s stock valued at $27,244,000 after buying an additional 195,090 shares during the period. Conestoga Capital Advisors LLC raised its stake in shares of Grand Canyon Education by 6.0% in the second quarter. Conestoga Capital Advisors LLC now owns 661,370 shares of the company’s stock valued at $51,858,000 after buying an additional 37,650 shares during the period. Aperio Group LLC raised its stake in shares of Grand Canyon Education by 4.9% in the second quarter. Aperio Group LLC now owns 9,662 shares of the company’s stock valued at $758,000 after buying an additional 454 shares during the period. Finally, Summit Creek Advisors LLC raised its stake in shares of Grand Canyon Education by 53.9% in the second quarter. Summit Creek Advisors LLC now owns 110,350 shares of the company’s stock valued at $8,653,000 after buying an additional 38,660 shares during the period. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Grand Canyon Education, Inc. (NASDAQ LOPE) opened at 79.43 on Friday. The firm has a market capitalization of $3.75 billion, a P/E ratio of 21.92 and a beta of 1.48. The company’s 50 day moving average price is $77.65 and its 200 day moving average price is $72.14. 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 issued its earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.15. The firm had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Analysts anticipate that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.

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Several equities research analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and set a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a research note on Tuesday. BidaskClub raised Grand Canyon Education from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Zacks Investment Research upgraded 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. Finally, ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $78.50.

In related news, insider Joseph N. Mildenhall sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $80.17, for a total transaction of $400,850.00. Following the completion of the sale, the insider now directly owns 88,798 shares in the company, valued at $7,118,935.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian E. Mueller sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $79.34, for a total transaction of $2,380,200.00. Following the sale, the chief executive officer now owns 311,524 shares of the company’s stock, valued at $24,716,314.16. The disclosure for this sale can be found here. Insiders have sold 130,231 shares of company stock valued at $10,207,539 over the last 90 days. 3.00% of the stock is currently owned by insiders.

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.

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

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