Vaughan Nelson Investment Management L.P. Has $29.72 Million Holdings in Grand Canyon Education, Inc. (LOPE)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 10.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 327,190 shares of the company’s stock after selling 37,990 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.68% of Grand Canyon Education worth $29,716,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Alps Advisors Inc. grew its holdings in Grand Canyon Education by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,113 shares of the company’s stock worth $558,000 after acquiring an additional 19 shares during the period. Teacher Retirement System of Texas grew its holdings in Grand Canyon Education by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,619 shares of the company’s stock worth $284,000 after acquiring an additional 48 shares during the period. Granite Investment Partners LLC grew its holdings in Grand Canyon Education by 0.4% during the 2nd quarter. Granite Investment Partners LLC now owns 21,645 shares of the company’s stock worth $1,697,000 after acquiring an additional 87 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Grand Canyon Education by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,827 shares of the company’s stock worth $143,000 after acquiring an additional 139 shares during the period. Finally, Wrapmanager Inc. grew its holdings in Grand Canyon Education by 3.3% during the 2nd quarter. Wrapmanager Inc. now owns 4,650 shares of the company’s stock worth $365,000 after acquiring an additional 147 shares during the period. 96.68% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on LOPE shares. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of Grand Canyon Education in a report on Monday, September 18th. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Thursday, August 3rd. BidaskClub raised shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Barrington Research reissued an “outperform” rating and set a $89.00 price target (up from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Grand Canyon Education has an average rating of “Buy” and a consensus target price of $92.00.

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

Grand Canyon Education, Inc. (NASDAQ LOPE) opened at 89.39 on Friday. Grand Canyon Education, Inc. has a 12 month low of $42.08 and a 12 month high of $93.08. The company has a market capitalization of $4.22 billion, a PE ratio of 24.67 and a beta of 1.39. The stock’s 50 day moving average is $87.09 and its 200-day moving average is $80.22.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $218.30 million during the quarter, compared to analysts’ expectations of $213.08 million. During the same period in the prior year, the company posted $0.59 earnings per share. Grand Canyon Education’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, analysts expect that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.

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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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