Neumeier Poma Investment Counsel LLC reduced its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 496,925 shares of the company’s stock after selling 15,025 shares during the quarter. Grand Canyon Education makes up about 4.5% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 2nd biggest holding. Neumeier Poma Investment Counsel LLC owned about 1.03% of Grand Canyon Education worth $38,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC increased its position in Grand Canyon Education by 49.3% during the 2nd quarter. Acadian Asset Management LLC now owns 115,520 shares of the company’s stock valued at $9,059,000 after purchasing an additional 38,148 shares during the period. Chicago Equity Partners LLC purchased a new position in Grand Canyon Education during the 2nd quarter valued at $2,364,000. Prudential Financial Inc. increased its position in Grand Canyon Education by 75.6% during the 1st quarter. Prudential Financial Inc. now owns 154,693 shares of the company’s stock valued at $11,078,000 after purchasing an additional 66,580 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in Grand Canyon Education during the 2nd quarter valued at $2,970,000. Finally, Vanguard Group Inc. increased its position in Grand Canyon Education by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 3,775,228 shares of the company’s stock valued at $270,343,000 after purchasing an additional 197,721 shares during the period. 96.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Grand Canyon Education, Inc. (NASDAQ LOPE) traded up 0.60% during mid-day trading on Friday, hitting $81.83. 293,156 shares of the stock were exchanged. Grand Canyon Education, Inc. has a 12 month low of $39.64 and a 12 month high of $85.94. The stock’s 50 day moving average is $79.99 and its 200 day moving average is $75.91. The firm has a market cap of $3.87 billion, a P/E ratio of 22.59 and a beta of 1.40.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.68 by $0.15. The firm had revenue of $218.30 million for the quarter, compared to analyst estimates of $213.08 million. Grand Canyon Education had a return on equity of 21.77% and a net margin of 18.77%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts expect that Grand Canyon Education, Inc. will post $3.83 EPS for the current fiscal year.

A number of research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. BidaskClub cut shares of Grand Canyon Education from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Barrington Research restated an “outperform” rating and set a $89.00 target price (up previously from $85.00) on shares of Grand Canyon Education in a report on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $78.50.

In other Grand Canyon Education news, COO William Stan Meyer sold 20,000 shares of Grand Canyon Education stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $77.14, for a total value of $1,542,800.00. Following the transaction, the chief operating officer now owns 118,459 shares in the company, valued at $9,137,927.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian E. Mueller sold 29,788 shares of Grand Canyon Education stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $77.12, for a total value of $2,297,250.56. Following the completion of the transaction, the chief executive officer now owns 311,312 shares in the company, valued at approximately $24,008,381.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,231 shares of company stock worth $5,128,139. Insiders own 3.00% of the company’s stock.

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Grand Canyon Education Company 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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