BNP Paribas Arbitrage SA Sells 1,345 Shares of Grand Canyon Education, Inc. (LOPE)

BNP Paribas Arbitrage SA reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,639 shares of the company’s stock after selling 1,345 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Grand Canyon Education were worth $512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Grand Canyon Education by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 3,831,950 shares of the company’s stock worth $300,462,000 after buying an additional 56,722 shares during the last quarter. BlackRock Inc. grew its stake in Grand Canyon Education by 4.4% during the 2nd quarter. BlackRock Inc. now owns 2,941,225 shares of the company’s stock worth $230,620,000 after buying an additional 123,665 shares during the last quarter. William Blair Investment Management LLC grew its stake in Grand Canyon Education by 27.7% during the 2nd 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. grew its stake 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 worth $141,788,000 after purchasing an additional 245,284 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of Grand Canyon Education by 7.7% in the third quarter. Handelsbanken Fonder AB now owns 1,140,290 shares of the company’s stock worth $103,561,000 after purchasing an additional 81,500 shares in the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) opened at $93.95 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. The firm has a market capitalization of $4,519.03, a price-to-earnings ratio of 24.91, a PEG ratio of 1.85 and a beta of 1.35. Grand Canyon Education, Inc. has a twelve month low of $56.52 and a twelve month high of $96.15.

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

Several research analysts have recently issued reports on LOPE shares. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Grand Canyon Education from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Friday, November 3rd. Robert W. Baird increased their price target on Grand Canyon Education from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Barrington Research reissued an “outperform” rating and issued a $103.00 price target (up previously from $98.00) on shares of Grand Canyon Education in a research note on Thursday, November 2nd. Finally, BMO Capital Markets reissued a “buy” rating and issued a $97.00 price target on shares of Grand Canyon Education in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Grand Canyon Education presently has an average rating of “Buy” and a consensus target price of $100.40.

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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.

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

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