California Public Employees Retirement System Sells 4,530 Shares of Grand Canyon Education, Inc. $LOPE

California Public Employees Retirement System lessened its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,077 shares of the company’s stock after selling 4,530 shares during the period. California Public Employees Retirement System owned approximately 0.28% of Grand Canyon Education worth $12,425,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Bank of Montreal Can grew its stake in shares of Grand Canyon Education by 6,102.7% in the fourth quarter. Bank of Montreal Can now owns 480,460 shares of the company’s stock valued at $79,905,000 after buying an additional 472,714 shares in the last quarter. Norges Bank acquired a new position in shares of Grand Canyon Education during the 4th quarter worth approximately $61,919,000. William Blair Investment Management LLC lifted its holdings in Grand Canyon Education by 281.9% during the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock valued at $75,362,000 after purchasing an additional 334,486 shares during the last quarter. Reinhart Partners LLC. boosted its position in Grand Canyon Education by 135.3% during the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after purchasing an additional 298,409 shares during the period. Finally, UBS Group AG raised its position in shares of Grand Canyon Education by 523.1% in the fourth quarter. UBS Group AG now owns 194,634 shares of the company’s stock valued at $32,370,000 after purchasing an additional 163,397 shares during the period. 94.17% of the stock is owned by institutional investors.

Grand Canyon Education Stock Performance

NASDAQ:LOPE opened at $139.94 on Friday. The company has a market capitalization of $3.71 billion, a PE ratio of 17.49, a P/E/G ratio of 0.92 and a beta of 0.57. The company has a 50 day simple moving average of $148.23 and a two-hundred day simple moving average of $160.99. Grand Canyon Education, Inc. has a fifty-two week low of $134.27 and a fifty-two week high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.08. The firm had revenue of $308.76 million for the quarter, compared to analyst estimates of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.57 earnings per share. Research analysts predict that Grand Canyon Education, Inc. will post 10.04 EPS for the current year.

Analyst Ratings Changes

LOPE has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price target on shares of Grand Canyon Education in a research report on Thursday, April 16th. Truist Financial set a $100.00 price objective on shares of Grand Canyon Education in a report on Tuesday, June 9th. BMO Capital Markets decreased their target price on shares of Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Finally, Weiss Ratings cut shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Grand Canyon Education presently has an average rating of “Moderate Buy” and a consensus target price of $171.67.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher?education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non?traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.