State of Alaska Department of Revenue reduced its position in Grand Canyon Education Inc (NASDAQ:LOPE) by 5.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,509 shares of the company’s stock after selling 315 shares during the period. State of Alaska Department of Revenue’s holdings in Grand Canyon Education were worth $630,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Grand Canyon Education by 29.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 668 shares of the company’s stock valued at $64,000 after purchasing an additional 150 shares during the last quarter. Pendal Group Ltd raised its position in shares of Grand Canyon Education by 3.4% in the 4th quarter. Pendal Group Ltd now owns 4,825 shares of the company’s stock valued at $464,000 after purchasing an additional 157 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Grand Canyon Education by 4.0% in the 4th quarter. Brown Advisory Inc. now owns 4,141 shares of the company’s stock valued at $398,000 after purchasing an additional 160 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Grand Canyon Education by 8.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,446 shares of the company’s stock valued at $235,000 after purchasing an additional 192 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 7.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,189 shares of the company’s stock valued at $307,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

LOPE opened at $116.89 on Tuesday. Grand Canyon Education Inc has a 12-month low of $90.67 and a 12-month high of $130.10. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.02. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.02.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Wednesday, February 20th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.14. Grand Canyon Education had a net margin of 27.09% and a return on equity of 22.16%. The company had revenue of $177.54 million during the quarter, compared to analyst estimates of $175.25 million. During the same period last year, the firm posted $1.41 EPS. Grand Canyon Education’s revenue for the quarter was down 34.6% compared to the same quarter last year. Analysts expect that Grand Canyon Education Inc will post 5.12 EPS for the current year.

Several equities analysts recently commented on the stock. BidaskClub lowered shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 13th. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Tuesday, April 2nd. ValuEngine lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. BMO Capital Markets increased their price objective on shares of Grand Canyon Education to $130.00 and gave the company an “outperform” rating in a research report on Friday, February 22nd. Finally, Barrington Research reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Grand Canyon Education in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $133.00.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $118.12, for a total transaction of $236,240.00. Following the completion of the transaction, the insider now directly owns 66,809 shares of the company’s stock, valued at approximately $7,891,479.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel E. Bachus sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $117.19, for a total transaction of $1,171,900.00. Following the transaction, the chief financial officer now directly owns 104,669 shares of the company’s stock, valued at $12,266,160.11. The disclosure for this sale can be found here. Insiders have sold a total of 79,000 shares of company stock valued at $9,297,700 over the last three months. 2.40% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Grand Canyon Education Inc (LOPE) Stake Decreased by State of Alaska Department of Revenue” was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/grand-canyon-education-inc-lope-stake-decreased-by-state-of-alaska-department-of-revenue/2982109.html.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

Featured Story: How to find the components of the quick ratio

Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education Inc (NASDAQ:LOPE).

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

Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.