Grand Canyon Education Inc (NASDAQ:LOPE) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in Grand Canyon Education Inc (NASDAQ:LOPE) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,162 shares of the company’s stock after selling 7,955 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Grand Canyon Education worth $6,826,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Grand Canyon Education by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 242,172 shares of the company’s stock worth $18,989,000 after buying an additional 7,876 shares during the period. First Trust Advisors LP boosted its position in shares of Grand Canyon Education by 13.2% during the second quarter. First Trust Advisors LP now owns 47,610 shares of the company’s stock worth $3,733,000 after buying an additional 5,544 shares during the period. Rhumbline Advisers boosted its position in shares of Grand Canyon Education by 1.2% during the second quarter. Rhumbline Advisers now owns 56,718 shares of the company’s stock worth $4,447,000 after buying an additional 647 shares during the period. SG Americas Securities LLC boosted its position in shares of Grand Canyon Education by 375.6% during the second quarter. SG Americas Securities LLC now owns 6,972 shares of the company’s stock worth $547,000 after buying an additional 5,506 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Grand Canyon Education by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 561,009 shares of the company’s stock worth $43,988,000 after buying an additional 18,691 shares during the period. 96.16% of the stock is owned by hedge funds and other institutional investors.

Shares of Grand Canyon Education Inc (LOPE) opened at $92.68 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.07. Grand Canyon Education Inc has a fifty-two week low of $56.52 and a fifty-two week high of $96.15. The stock has a market cap of $4,455.03, a price-to-earnings ratio of 24.33, a P/E/G ratio of 1.73 and a beta of 1.35.

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

A number of equities research analysts have weighed in on the company. Zacks Investment Research cut Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Piper Jaffray Companies reissued a “buy” rating and set a $102.00 target price on shares of Grand Canyon Education in a research note on Monday, December 4th. Finally, Robert W. Baird reissued a “buy” rating and set a $100.00 target price on shares of Grand Canyon Education in a research note on Friday, December 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $100.80.

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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.

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

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