Grand Canyon Education, Inc. (LOPE) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 16.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,567 shares of the company’s stock after selling 6,399 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of Grand Canyon Education worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in LOPE. BlackRock Inc. increased its position in Grand Canyon Education by 73,121.4% in the first quarter. BlackRock Inc. now owns 2,817,560 shares of the company’s stock worth $201,765,000 after buying an additional 2,813,712 shares during the last quarter. William Blair Investment Management LLC increased its position in 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 during the last quarter. Alliancebernstein L.P. increased its position in 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 during the last quarter. Russell Investments Group Ltd. increased its position in Grand Canyon Education by 128.0% in the second quarter. Russell Investments Group Ltd. now owns 347,481 shares of the company’s stock worth $27,244,000 after buying an additional 195,090 shares during the last quarter. Finally, AJO LP grew its position in shares of Grand Canyon Education by 677.1% in the second quarter. AJO LP now owns 135,147 shares of the company’s stock valued at $10,597,000 after purchasing an additional 117,755 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Grand Canyon Education, Inc. (NASDAQ:LOPE) opened at $90.54 on Thursday. Grand Canyon Education, Inc. has a twelve month low of $55.33 and a twelve month high of $95.51. The stock has a market capitalization of $4,385.25, a PE ratio of 24.17, a P/E/G ratio of 1.80 and a beta of 1.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07.

Grand Canyon Education (NASDAQ:LOPE) last posted its earnings results on Wednesday, November 1st. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. Grand Canyon Education had a return on equity of 21.40% and a net margin of 19.32%. The firm had revenue of $236.21 million for the quarter, compared to the consensus estimate of $231.43 million. During the same quarter in the prior year, the business earned $0.62 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts forecast that Grand Canyon Education, Inc. will post 3.9 earnings per share for the current year.

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Several equities research analysts recently issued reports on LOPE shares. BidaskClub lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Barrington Research reaffirmed an “outperform” rating and set a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a research note on Wednesday, August 2nd. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Thursday, August 3rd. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 price target on shares of Grand Canyon Education in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Grand Canyon Education presently has an average rating of “Buy” and a consensus price target of $97.40.

Grand Canyon Education 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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