Bank of New York Mellon Corp lifted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 566,300 shares of the company’s stock after purchasing an additional 5,291 shares during the period. Bank of New York Mellon Corp owned 1.18% of Grand Canyon Education worth $51,431,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LOPE. Summit Creek Advisors LLC raised its stake in Grand Canyon Education by 40.7% during the 3rd quarter. Summit Creek Advisors LLC now owns 155,255 shares of the company’s stock worth $14,100,000 after buying an additional 44,905 shares during the period. Chicago Equity Partners LLC acquired a new stake in Grand Canyon Education during the 2nd quarter worth $2,364,000. Robeco Institutional Asset Management B.V. acquired a new stake in Grand Canyon Education during the 2nd quarter worth $2,970,000. Prudential Financial Inc. raised its stake in Grand Canyon Education by 34.0% during the 2nd quarter. Prudential Financial Inc. now owns 207,253 shares of the company’s stock worth $16,251,000 after buying an additional 52,560 shares during the period. Finally, Sit Investment Associates Inc. raised its stake in Grand Canyon Education by 22.9% during the 3rd quarter. Sit Investment Associates Inc. now owns 10,475 shares of the company’s stock worth $951,000 after buying an additional 1,950 shares during the period. Institutional investors and hedge funds own 96.28% of the company’s stock.

Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) opened at $93.08 on Monday. 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 stock has a market capitalization of $4,479.10, a PE ratio of 24.69, a P/E/G ratio of 1.84 and a beta of 1.35. Grand Canyon Education, Inc. has a 12-month low of $56.40 and a 12-month high of $96.15.

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

Several analysts recently commented on LOPE shares. BidaskClub raised Grand Canyon Education from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Barrington Research reissued an “outperform” rating and issued a $89.00 price target (up previously from $85.00) on shares of Grand Canyon Education in a research note on Tuesday, August 8th. ValuEngine raised Grand Canyon Education from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price target on shares of Grand Canyon Education in a research note on Monday, September 18th. Finally, Zacks Investment Research downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Grand Canyon Education presently has an average rating of “Buy” and a consensus price target of $98.40.

TRADEMARK VIOLATION NOTICE: “Bank of New York Mellon Corp Purchases 5,291 Shares of Grand Canyon Education, Inc. (LOPE)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/04/bank-of-new-york-mellon-corp-purchases-5291-shares-of-grand-canyon-education-inc-lope.html.

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.

Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE).

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

Receive News & Stock Ratings for Grand Canyon Education Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education Inc. and related stocks with our FREE daily email newsletter.