Stifel Financial Corp lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 4.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,306 shares of the company’s stock after selling 739 shares during the quarter. Stifel Financial Corp’s holdings in Grand Canyon Education were worth $1,275,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Grand Canyon Education by 1.5% in the second quarter. Vanguard Group Inc. now owns 3,831,950 shares of the company’s stock worth $300,462,000 after buying an additional 56,722 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Grand Canyon Education by 4.4% in the second quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock worth $230,620,000 after buying an additional 123,665 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Grand Canyon Education by 27.7% in the second quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock worth $161,065,000 after buying an additional 445,546 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Grand Canyon Education by 15.7% in the second quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock worth $141,788,000 after buying an additional 245,284 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Grand Canyon Education by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,297,810 shares of the company’s stock worth $92,936,000 after buying an additional 78,353 shares in the last quarter. Hedge funds and other institutional investors own 96.57% of the company’s stock.

A number of equities research analysts have recently issued reports on LOPE shares. BidaskClub downgraded shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Barrington Research reissued an “outperform” rating and issued a $89.00 price target (up from $85.00) on shares of Grand Canyon Education in a report on Wednesday, August 2nd. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $85.00 price target on shares of Grand Canyon Education in a report on Monday, September 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $89.00.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $80.17, for a total value of $400,850.00. Following the completion of the transaction, the insider now directly owns 88,798 shares in the company, valued at approximately $7,118,935.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William Stan Meyer sold 1,315 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $80.35, for a total value of $105,660.25. Following the completion of the transaction, the chief operating officer now owns 99,774 shares of the company’s stock, valued at $8,016,840.90. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

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Shares of Grand Canyon Education, Inc. (LOPE) opened at 88.98 on Friday. The stock has a 50 day moving average of $86.06 and a 200-day moving average of $79.55. The stock has a market capitalization of $4.20 billion, a P/E ratio of 24.56 and a beta of 1.39. Grand Canyon Education, Inc. has a one year low of $40.93 and a one year high of $93.08.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ 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 period in the previous year, the company posted $0.59 EPS. Equities analysts forecast that Grand Canyon Education, Inc. will post $3.83 earnings per share for the current year.

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.

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

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