NGAM Advisors L.P. reduced its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 64.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,416 shares of the company’s stock after selling 54,685 shares during the period. NGAM Advisors L.P.’s holdings in Grand Canyon Education were worth $2,385,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. raised its stake in shares of Grand Canyon Education by 586.1% in the second quarter. Meeder Asset Management Inc. now owns 1,434 shares of the company’s stock worth $112,000 after buying an additional 1,225 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Grand Canyon Education by 10.8% in the first quarter. Fifth Third Bancorp now owns 2,262 shares of the company’s stock worth $162,000 after buying an additional 220 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of Grand Canyon Education by 23.8% in the first quarter. Valley National Advisers Inc. now owns 2,562 shares of the company’s stock worth $183,000 after buying an additional 492 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Grand Canyon Education by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,697 shares of the company’s stock worth $193,000 after buying an additional 129 shares in the last quarter. Finally, Affinity Investment Advisors LLC bought a new stake in shares of Grand Canyon Education during the first quarter worth approximately $203,000. 95.18% of the stock is owned by institutional investors and hedge funds.

Shares of Grand Canyon Education, Inc. (LOPE) opened at 79.43 on Friday. Grand Canyon Education, Inc. has a one year low of $39.07 and a one year high of $85.94. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 21.92 and a beta of 1.48. The firm’s 50-day moving average price is $77.65 and its 200-day moving average price is $72.14.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $218.30 million during the quarter, compared to analyst estimates of $213.08 million. During the same period last year, the business earned $0.59 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. Analysts anticipate that Grand Canyon Education, Inc. will post $3.83 earnings per share for the current year.

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LOPE has been the subject of a number of recent research reports. Zacks Investment Research lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, April 19th. Barrington Research boosted their price objective on Grand Canyon Education from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, May 8th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.50.

In related news, CEO Brian E. Mueller sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $79.34, for a total transaction of $2,380,200.00. Following the completion of the sale, the chief executive officer now owns 311,524 shares of the company’s stock, valued at $24,716,314.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William Stan Meyer sold 1,315 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 99,774 shares of the company’s stock, valued at approximately $8,016,840.90. The disclosure for this sale can be found here. Insiders have sold 130,231 shares of company stock valued at $10,207,539 over the last quarter. Company insiders own 3.00% of the company’s stock.

Grand Canyon Education Company Profile

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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