California Public Employees Retirement System Has $7.20 Million Holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE)

California Public Employees Retirement System decreased its position in Grand Canyon Education, Inc. (NASDAQ:LOPEGet Rating) by 12.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,393 shares of the company’s stock after selling 11,306 shares during the period. California Public Employees Retirement System owned approximately 0.24% of Grand Canyon Education worth $7,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LOPE. Northwestern Mutual Wealth Management Co. bought a new stake in Grand Canyon Education in the first quarter valued at $43,000. Signaturefd LLC increased its stake in Grand Canyon Education by 56.7% in the first quarter. Signaturefd LLC now owns 481 shares of the company’s stock valued at $47,000 after purchasing an additional 174 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Grand Canyon Education in the second quarter valued at $63,000. First Horizon Advisors Inc. increased its stake in Grand Canyon Education by 236.8% in the second quarter. First Horizon Advisors Inc. now owns 751 shares of the company’s stock valued at $70,000 after purchasing an additional 528 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Grand Canyon Education by 94.2% in the second quarter. Assetmark Inc. now owns 866 shares of the company’s stock valued at $82,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 94.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Grand Canyon Education from $98.00 to $120.00 in a research note on Friday, November 11th. TheStreet raised shares of Grand Canyon Education from a “c+” rating to a “b-” rating in a research report on Wednesday, November 9th. Finally, StockNews.com downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th.

Grand Canyon Education Price Performance

NASDAQ:LOPE opened at $111.96 on Thursday. The firm has a 50-day moving average of $91.85 and a 200-day moving average of $89.63. The company has a market cap of $3.49 billion, a PE ratio of 20.10, a PEG ratio of 1.26 and a beta of 0.53. Grand Canyon Education, Inc. has a one year low of $70.00 and a one year high of $112.68.

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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