Summit Creek Advisors LLC grew its position in Grand Canyon Education Inc (NASDAQ:LOPE) by 40.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,255 shares of the company’s stock after acquiring an additional 44,905 shares during the quarter. Grand Canyon Education comprises 2.8% of Summit Creek Advisors LLC’s holdings, making the stock its 3rd largest position. Summit Creek Advisors LLC owned 0.32% of Grand Canyon Education worth $14,100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOPE. BlackRock Inc. lifted its position in shares of Grand Canyon Education by 73,121.4% in the first quarter. BlackRock Inc. now owns 2,817,560 shares of the company’s stock valued at $201,765,000 after acquiring an additional 2,813,712 shares in the last quarter. William Blair Investment Management LLC lifted its position 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 valued at $161,065,000 after acquiring an additional 445,546 shares in the last quarter. Alliancebernstein L.P. lifted its position 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 valued at $141,788,000 after acquiring an additional 245,284 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Grand Canyon Education by 5.5% in the first quarter. Vanguard Group Inc. now owns 3,775,228 shares of the company’s stock valued at $270,343,000 after acquiring an additional 197,721 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Grand Canyon Education by 128.0% in the second quarter. Russell Investments Group Ltd. now owns 347,481 shares of the company’s stock valued at $27,244,000 after acquiring an additional 195,090 shares in the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

In related news, COO William Stan Meyer sold 1,315 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 99,774 shares of the company’s stock, valued at approximately $8,016,840.90. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 value of $400,850.00. Following the completion of the transaction, the insider now directly owns 88,798 shares in the company, 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.

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Grand Canyon Education Inc (NASDAQ LOPE) traded down 0.34% during midday trading on Monday, reaching $88.68. The company’s stock had a trading volume of 27,006 shares. The firm’s 50-day moving average price is $86.06 and its 200-day moving average price is $79.55. The stock has a market capitalization of $4.19 billion, a PE ratio of 24.48 and a beta of 1.39. Grand Canyon Education Inc has a 52 week low of $40.89 and a 52 week high of $93.08.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.15. Grand Canyon Education had a return on equity of 18.82% and a net margin of 18.25%. The company had revenue of $218.30 million for the quarter, compared to analyst estimates of $213.08 million. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, analysts anticipate that Grand Canyon Education Inc will post $3.83 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. Piper Jaffray Companies raised their target price on Grand Canyon Education from $83.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price objective on shares of Grand Canyon Education in a research report on Monday, September 18th. Finally, Barrington Research reiterated an “outperform” rating and set a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $89.00.

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.

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

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