BlackRock Amends Grand Canyon Education Stake, Maintains Passive Position
Ticker: LOPE · Form: SC 13G/A · Filed: 2024-01-24T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Grand Canyon Education, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership in Grand Canyon Education, Inc. as of December 31, 2023. This amendment, number 3, indicates BlackRock continues to hold a significant passive stake in the educational services company. For investors, this means a major institutional investor maintains confidence in Grand Canyon Education, Inc., which can signal stability and long-term potential for the stock.
Why It Matters
This filing shows that BlackRock, a massive asset manager, still holds a substantial amount of Grand Canyon Education stock, which can be a vote of confidence for other investors.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in strategy.
Analyst Insight
Investors should note that a large institutional investor like BlackRock maintains a position, suggesting a stable, long-term outlook for Grand Canyon Education, Inc. This filing doesn't indicate any immediate buy or sell signals but confirms continued institutional presence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Grand Canyon Education, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will likely maintain a significant, passive stake in Grand Canyon Education, Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-01-24
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional investment manager.
What is the subject company whose shares are being reported?
The subject company is Grand Canyon Education, Inc., which operates in the educational services industry.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event requiring this filing was December 31, 2023.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Grand Canyon Education, Inc. is 38526M106.
From the Filing
EDGAR Filing Documents for 0001086364-24-002298 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-002298 Filing Date 2024-01-24 Accepted 2024-01-24 14:27:13 Documents 1 Document Format Files Seq Description Document Type Size 1 us38526m1062_012424.txt SC 13G/A 11882 Complete submission text file 0001086364-24-002298.txt 13678 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 2600 W. CAMELBACK ROAD PHOENIX AZ 85017 Business Address 2600 W. CAMELBACK ROAD PHOENIX AZ 85017 602-247-4400 Grand Canyon Education, Inc. (Subject) CIK : 0001434588 (see all company filings) EIN. : 203356009 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-84307 | Film No.: 24555826 SIC : 8200 Services-Educational Services (CF Office: 07 Trade & Services)