BNP Paribas Arbitrage SA boosted its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 599.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,984 shares of the company’s stock after purchasing an additional 5,986 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Grand Canyon Education were worth $548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in Grand Canyon Education by 73,121.4% in the first 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 lifted its stake in Grand Canyon Education by 1,271.1% in the first quarter. William Blair Investment Management LLC now owns 1,608,593 shares of the company’s stock valued at $115,191,000 after buying an additional 1,491,274 shares in the last quarter. FMR LLC lifted its stake in Grand Canyon Education by 36.9% in the first 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. lifted its stake in Grand Canyon Education by 5.5% in the first 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. Finally, Russell Investments Group Ltd. lifted its stake in Grand Canyon Education by 128.0% in the second quarter. Russell Investments Group Ltd. now owns 347,481 shares of the company’s stock valued at $27,244,000 after buying an additional 195,090 shares in the last quarter. Hedge funds and other institutional investors own 96.57% of the company’s stock.

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A number of research analysts have weighed in on LOPE shares. Zacks Investment Research lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Grand Canyon Education from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Grand Canyon Education presently has an average rating of “Buy” and a consensus target price of $78.50.

In other news, CEO Brian E. Mueller sold 29,788 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $77.12, for a total transaction of $2,297,250.56. Following the completion of the sale, the chief executive officer now owns 311,312 shares of the company’s stock, valued at approximately $24,008,381.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO William Stan Meyer sold 1,315 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $80.35, for a total transaction of $105,660.25. Following the sale, the chief operating officer now directly owns 99,774 shares of the company’s stock, valued at approximately $8,016,840.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,231 shares of company stock valued at $5,128,139. Insiders own 3.00% of the company’s stock.

Shares of Grand Canyon Education, Inc. (LOPE) opened at 81.86 on Thursday. The stock has a 50 day moving average of $79.36 and a 200-day moving average of $75.68. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 22.59 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 announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.68 by $0.15. The company had revenue of $218.30 million during the quarter, compared to the consensus estimate of $213.08 million. Grand Canyon Education had a net margin of 18.77% and a return on equity of 21.77%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. On average, analysts forecast that Grand Canyon Education, Inc. will post $3.83 EPS for the current year.

Grand Canyon Education Profile

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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