California State Teachers Retirement System Acquires 268 Shares of Grand Canyon Education Inc (NASDAQ:LOPE)

California State Teachers Retirement System lifted its stake in shares of Grand Canyon Education Inc (NASDAQ:LOPE) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,724 shares of the company’s stock after buying an additional 268 shares during the quarter. California State Teachers Retirement System’s holdings in Grand Canyon Education were worth $7,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in Grand Canyon Education during the 1st quarter worth approximately $77,000. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Grand Canyon Education by 3.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 155,770 shares of the company’s stock valued at $17,837,000 after acquiring an additional 5,329 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Grand Canyon Education by 10.5% during the second quarter. Janney Montgomery Scott LLC now owns 2,759 shares of the company’s stock valued at $323,000 after acquiring an additional 263 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Grand Canyon Education by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,022 shares of the company’s stock worth $354,000 after purchasing an additional 326 shares during the period. Finally, Svenska Handelsbanken AB publ raised its position in shares of Grand Canyon Education by 11.9% during the second quarter. Svenska Handelsbanken AB publ now owns 21,600 shares of the company’s stock worth $2,528,000 after purchasing an additional 2,300 shares during the period. 97.52% of the stock is owned by institutional investors.

LOPE stock opened at $88.62 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 1.92. The business has a 50-day simple moving average of $89.06 and a two-hundred day simple moving average of $110.40. The company has a market capitalization of $4.27 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.04 and a beta of 0.63. Grand Canyon Education Inc has a 52-week low of $76.48 and a 52-week high of $132.72.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. Grand Canyon Education had a return on equity of 20.50% and a net margin of 34.73%. The firm had revenue of $193.30 million during the quarter, compared to the consensus estimate of $191.75 million. During the same period in the prior year, the business posted $1.06 earnings per share. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Grand Canyon Education Inc will post 5.49 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on LOPE shares. BidaskClub upgraded Grand Canyon Education from a “strong sell” rating to a “sell” rating in a report on Thursday. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Wednesday, September 4th. BMO Capital Markets lowered their price objective on shares of Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating on the stock in a report on Thursday, November 7th. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Barrington Research set a $145.00 price objective on shares of Grand Canyon Education and gave the company a “buy” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $126.25.

In related news, insider Joseph N. Mildenhall sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $108.75, for a total transaction of $217,500.00. Following the completion of the sale, the insider now owns 56,809 shares in the company, valued at $6,177,978.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by insiders.

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.

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

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