The Chartwell Investment Partners LLC Has $7,280,000 Position in Grand Canyon Education, Inc. (LOPE), Report finds

The Chartwell Investment Partners LLC Has $7,280,000 Position in Grand Canyon Education, Inc. (LOPE), Report finds

Other institutional investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Grand Canyon Education by 3.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,070 shares of the company’s stock valued at $164,000 after buying an additional 131 shares during the period. Neuberger Berman Group LLC bought a new stake in shares of Grand Canyon Education during the third quarter valued at about $202,000. BB&T Corp bought a new stake in shares of Grand Canyon Education during the third quarter valued at about $207,000. Advisor Group Inc. increased its stake in shares of Grand Canyon Education by 5.2% in the third quarter. Advisor Group Inc. now owns 5,542 shares of the company’s stock valued at $224,000 after buying an additional 276 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Grand Canyon Education by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,262 shares of the company’s stock valued at $250,000 after buying an additional 758 shares during the period. Institutional investors own 99.86% of the company’s stock.

Chartwell Investment Partners LLC cut its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 74.8% during the third quarter, Holdings Channel reports. The fund owned 180,250 shares of the company’s stock after selling 534,018 shares during the period. Chartwell Investment Partners LLC owned approximately 0.39% of Grand Canyon Education worth $7,280,000 at the end of the most recent reporting period.

Grand Canyon Education, Inc. (NASDAQ:LOPE) traded down 0.48% during midday trading on Friday, hitting $57.67. 144,214 shares of the stock were exchanged. The firm’s 50-day moving average price is $58.37 and its 200 day moving average price is $49.31. Grand Canyon Education, Inc. has a 1-year low of $33.20 and a 1-year high of $61.80. The firm has a market capitalization of $2.67 billion, a P/E ratio of 19.55 and a beta of 1.38.

Several equities research analysts have issued reports on LOPE shares. BMO Capital Markets restated a “buy” rating on shares of Grand Canyon Education in a research report on Wednesday, January 18th. Zacks Investment Research downgraded shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $50.80.

In other Grand Canyon Education news, CFO Daniel E. Bachus sold 14,000 shares of the company’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $59.23, for a total value of $829,220.00. Following the completion of the sale, the chief financial officer now directly owns 122,360 shares of the company’s stock, valued at approximately $7,247,382.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William Stan Meyer sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 10th. The stock was sold at an average price of $59.24, for a total transaction of $1,184,800.00. Following the completion of the sale, the chief operating officer now directly owns 121,362 shares of the company’s stock, valued at $7,189,484.88. The disclosure for this sale can be found here. Insiders sold a total of 64,000 shares of company stock valued at $3,791,220 over the last ninety days. 5.30% of the stock is currently owned by insiders.

About Grand Canyon Education

Grand Canyon Education, Inc is a regionally accredited university. The Company offers approximately 200 graduate and undergraduate degree programs and certificates across approximately eight colleges both online and on ground in Phoenix, Arizona and at leased facilities and at facilities owned by third-party employers of its students.

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