Grand Canyon Education, Inc. $LOPE Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 60,929 shares of the company’s stock after selling 3,841 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Grand Canyon Education were worth $13,375,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LOPE. Mather Group LLC. purchased a new stake in shares of Grand Canyon Education in the third quarter valued at $29,000. Manning & Napier Advisors LLC purchased a new stake in Grand Canyon Education in the 3rd quarter valued at about $32,000. True Wealth Design LLC increased its stake in shares of Grand Canyon Education by 46.0% during the 3rd quarter. True Wealth Design LLC now owns 203 shares of the company’s stock valued at $45,000 after acquiring an additional 64 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Grand Canyon Education by 2,172.7% during the 2nd quarter. IFP Advisors Inc now owns 250 shares of the company’s stock worth $47,000 after acquiring an additional 239 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in shares of Grand Canyon Education by 5,600.0% in the third quarter. SJS Investment Consulting Inc. now owns 228 shares of the company’s stock worth $50,000 after acquiring an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.9%

Shares of LOPE stock opened at $168.19 on Tuesday. The company has a market cap of $4.70 billion, a PE ratio of 22.67, a P/E/G ratio of 1.12 and a beta of 0.74. The company’s fifty day simple moving average is $168.42 and its 200-day simple moving average is $185.11. Grand Canyon Education, Inc. has a 52 week low of $149.83 and a 52 week high of $223.04.

Analyst Ratings Changes

Several equities analysts recently commented on LOPE shares. 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, January 22nd. Wall Street Zen downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings cut Grand Canyon Education from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

About Grand Canyon Education

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.