No. 66: Grand Canyon Education Inc. | Operates Grand Canyon University | 2019 employees: 2,800 | 2018 employees: 3,862 | Ownership: Public | Headquarters: Phoenix | (Photo: Michael Chow/The Republic)

The stock price of the Phoenix-based parent of Grand Canyon University has lost more than 15% of its value since an investment firm published a critical report of the company last month that alleges securities-law fraud.

The parent company, Grand Canyon Education — one of the more valuable corporations headquartered in Arizona — followed with its own rebuttal of several of the criticisms in the report, which it called “inaccurate and misleading.”

The report from Citron Research, whose

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