Thu Sep 26 13:28:29 UTC 2024: ## Institutional Investors Show Strong Interest in Grand Canyon Education

**Phoenix, AZ – September 26, 2024** – Grand Canyon Education, Inc. (NASDAQ: LOPE) continues to attract significant interest from institutional investors, with several funds increasing their holdings in the company’s stock during recent quarters.

**Benjamin F. Edwards & Company Inc.** boosted its stake in Grand Canyon Education by 7.4% during the second quarter, acquiring an additional 134 shares, bringing their total holding to 1,943 shares valued at $272,000.

Other notable investors include:

* **Norges Bank** purchased a new stake worth $44,529,000 in Grand Canyon Education during the fourth quarter.
* **Goldman Sachs Group Inc.** increased its position by 105.5% in the fourth quarter, owning 333,028 shares valued at $43,973,000.
* **Acadian Asset Management LLC** boosted its stake by 78.5% in the first quarter, now holding 308,357 shares valued at $41,977,000.
* **Renaissance Technologies LLC** grew its holdings by 41.0% in the second quarter, owning 285,057 shares valued at $39,882,000.
* **Allspring Global Investments Holdings LLC** increased its position by 89.7% in the second quarter, owning 173,075 shares valued at $24,215,000.

Institutional investors currently hold 94.17% of Grand Canyon Education’s stock.

In other news, Grand Canyon Education’s Chief Technology Officer, Dilek Marsh, sold 1,500 shares of the company’s stock on September 18th at an average price of $141.23.

Grand Canyon Education recently reported strong second-quarter earnings, exceeding analysts’ expectations with $1.27 earnings per share and revenue of $227.50 million. The company’s revenue increased by 8.0% year-over-year.

Grand Canyon Education, Inc. provides education services to colleges and universities in the United States, offering a wide range of services including technology, academic, and counseling support.

Shares of LOPE opened at $143.70 on Thursday. The company has a market capitalization of $4.23 billion and a P/E ratio of 20.10.

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