California Public Employees Retirement System Reduces Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

California Public Employees Retirement System trimmed its stake in Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,393 shares of the company’s stock after selling 11,306 shares during the quarter. California Public Employees Retirement System’s holdings in Grand Canyon Education were worth $7,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV lifted its stake in shares of Grand Canyon Education by 417.1% during the 2nd quarter. KBC Group NV now owns 7,876 shares of the company’s stock valued at $742,000 after buying an additional 6,353 shares in the last quarter. Wealth Alliance purchased a new stake in shares of Grand Canyon Education during the 1st quarter valued at approximately $224,000. Bank of New York Mellon Corp lifted its stake in shares of Grand Canyon Education by 6.0% during the 1st quarter. Bank of New York Mellon Corp now owns 448,261 shares of the company’s stock valued at $43,531,000 after buying an additional 25,478 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Grand Canyon Education by 14.2% during the 1st quarter. Raymond James & Associates now owns 60,541 shares of the company’s stock valued at $5,879,000 after buying an additional 7,520 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in shares of Grand Canyon Education by 1,158.1% during the 2nd quarter. Bank of Nova Scotia now owns 97,966 shares of the company’s stock valued at $9,227,000 after buying an additional 90,179 shares in the last quarter. 94.51% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Trading Up 0.3 %

Grand Canyon Education stock opened at $111.96 on Thursday. The firm’s 50 day simple moving average is $91.85 and its 200 day simple moving average is $89.63. The firm has a market capitalization of $3.49 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.26 and a beta of 0.53. Grand Canyon Education, Inc. has a 1-year low of $70.00 and a 1-year high of $112.68.

Wall Street Analysts Forecast Growth

LOPE has been the topic of a number of recent research reports. StockNews.com cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. BMO Capital Markets upped their price target on shares of Grand Canyon Education from $98.00 to $120.00 in a research note on Friday, November 11th. Finally, TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b-” rating in a report on Wednesday, November 9th.

Grand Canyon Education Company Profile

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Grand Canyon Education, Inc provides education services to colleges and universities in the United States. The company's technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience and other counseling services.

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

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