Sei Investments Co. lowered its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,358 shares of the company’s stock after selling 7,208 shares during the period. Sei Investments Co.’s holdings in Grand Canyon Education were worth $6,144,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Grand Canyon Education by 46.5% in the first quarter. Bank of New York Mellon Corp now owns 542,318 shares of the company’s stock valued at $38,835,000 after buying an additional 172,256 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $3,012,000. State Board of Administration of Florida Retirement System increased its stake in shares of Grand Canyon Education by 18.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 39,504 shares of the company’s stock valued at $2,829,000 after buying an additional 6,050 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Grand Canyon Education by 32.9% in the first quarter. Great West Life Assurance Co. Can now owns 5,254 shares of the company’s stock valued at $375,000 after buying an additional 1,300 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Grand Canyon Education by 299.1% in the first quarter. Russell Investments Group Ltd. now owns 152,391 shares of the company’s stock valued at $10,912,000 after buying an additional 114,210 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Shares of Grand Canyon Education, Inc. (LOPE) opened at 80.22 on Wednesday. Grand Canyon Education, Inc. has a one year low of $39.07 and a one year high of $85.94. The company’s 50 day moving average price is $77.77 and its 200 day moving average price is $72.68. The stock has a market capitalization of $3.79 billion, a P/E ratio of 22.14 and a beta of 1.48.

Grand Canyon Education (NASDAQ:LOPE) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.15. The company had revenue of $218.30 million during the quarter, compared to the consensus estimate of $213.08 million. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. The firm’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, equities analysts expect that Grand Canyon Education, Inc. will post $3.83 earnings per share for the current year.

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Several brokerages recently commented on LOPE. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Wednesday, June 21st. BidaskClub upgraded Grand Canyon Education from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Barrington Research reiterated an “outperform” rating and set a $89.00 target price (up from $85.00) on shares of Grand Canyon Education in a report on Tuesday, August 8th. Finally, ValuEngine upgraded Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Grand Canyon Education has an average rating of “Buy” and an average target price of $78.50.

In other news, COO William Stan Meyer sold 20,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $79.38, for a total transaction of $1,587,600.00. Following the completion of the sale, the chief operating officer now owns 118,459 shares in the company, valued at approximately $9,403,275.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian E. Mueller sold 30,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $79.34, for a total value of $2,380,200.00. Following the sale, the chief executive officer now owns 311,524 shares of the company’s stock, valued at approximately $24,716,314.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,231 shares of company stock valued at $10,207,539. 3.00% of the stock is currently owned by corporate insiders.

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.

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

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