Grand Canyon Education, Inc. (LOPE) Position Increased by Ajo LP

Ajo LP lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 677.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,147 shares of the company’s stock after buying an additional 117,755 shares during the period. Ajo LP owned about 0.28% of Grand Canyon Education worth $10,597,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Grand Canyon Education by 36.9% in the 1st quarter. FMR LLC now owns 4,428,918 shares of the company’s stock valued at $317,155,000 after buying an additional 1,192,591 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Grand Canyon Education by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 3,775,228 shares of the company’s stock valued at $270,343,000 after buying an additional 197,721 shares in the last quarter. BlackRock Inc. increased its position in shares of Grand Canyon Education by 73,121.4% in the 1st quarter. BlackRock Inc. now owns 2,817,560 shares of the company’s stock valued at $201,765,000 after buying an additional 2,813,712 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Grand Canyon Education by 27.7% in the 2nd quarter. William Blair Investment Management LLC now owns 2,054,139 shares of the company’s stock valued at $161,065,000 after buying an additional 445,546 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Grand Canyon Education by 15.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,808,294 shares of the company’s stock valued at $141,788,000 after buying an additional 245,284 shares in the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

A number of analysts recently commented on LOPE shares. Zacks Investment Research cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Grand Canyon Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Barrington Research restated an “outperform” rating and issued a $89.00 price objective (up previously from $85.00) on shares of Grand Canyon Education in a research report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Grand Canyon Education presently has an average rating of “Buy” and an average target price of $78.50.

In other Grand Canyon Education news, CFO Daniel E. Bachus sold 10,128 shares of Grand Canyon Education stock in a transaction on Monday, July 10th. The shares were sold at an average price of $77.17, for a total value of $781,577.76. Following the completion of the sale, the chief financial officer now directly owns 115,233 shares of the company’s stock, valued at $8,892,530.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO William Stan Meyer sold 1,315 shares of Grand Canyon Education stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 99,774 shares of the company’s stock, valued at $8,016,840.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,231 shares of company stock worth $5,128,139. 3.00% of the stock is owned by company insiders.

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Grand Canyon Education, Inc. (LOPE) opened at 81.32 on Friday. The firm’s 50-day moving average price is $79.70 and its 200-day moving average price is $75.77. The company has a market cap of $3.84 billion, a PE ratio of 22.45 and a beta of 1.40. Grand Canyon Education, Inc. has a 12-month low of $39.07 and a 12-month high of $85.94.

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 consensus estimate of $0.68 by $0.15. The business had revenue of $218.30 million for the quarter, compared to analyst estimates of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. Grand Canyon Education’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. Equities research analysts forecast that Grand Canyon Education, Inc. will post $3.83 earnings per share for the current fiscal year.

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.

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

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