California Public Employees Retirement System Purchases 3,754 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

California Public Employees Retirement System grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,032 shares of the company’s stock after buying an additional 3,754 shares during the quarter. California Public Employees Retirement System owned approximately 0.53% of Grand Canyon Education worth $16,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $33,000. Daiwa Securities Group Inc. grew its stake in shares of Grand Canyon Education by 51.7% during the first quarter. Daiwa Securities Group Inc. now owns 455 shares of the company’s stock valued at $52,000 after purchasing an additional 155 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Grand Canyon Education by 182.3% during the first quarter. NewEdge Advisors LLC now owns 463 shares of the company’s stock valued at $53,000 after purchasing an additional 299 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of Grand Canyon Education during the first quarter valued at approximately $94,000. Finally, Belpointe Asset Management LLC grew its stake in shares of Grand Canyon Education by 201.6% during the first quarter. Belpointe Asset Management LLC now owns 1,113 shares of the company’s stock valued at $127,000 after purchasing an additional 744 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Grand Canyon Education Stock Down 0.3 %

Shares of LOPE stock opened at $137.04 on Monday. The firm has a fifty day moving average of $120.74 and a 200-day moving average of $112.56. Grand Canyon Education, Inc. has a 12-month low of $99.65 and a 12-month high of $140.67. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.31 and a beta of 0.64.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LOPE. StockNews.com lowered shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Robert W. Baird increased their target price on shares of Grand Canyon Education from $135.00 to $140.00 in a report on Monday, October 2nd. Finally, Barrington Research increased their target price on shares of Grand Canyon Education from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd.

Grand Canyon Education Company Profile

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.