Grand Canyon Education, Inc. $LOPE Stock Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. increased its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 22.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,085,326 shares of the company’s stock after purchasing an additional 202,399 shares during the period. Grand Canyon Education accounts for 4.0% of Reinhart Partners LLC.’s investment portfolio, making the stock its 5th largest holding. Reinhart Partners LLC.’s holdings in Grand Canyon Education were worth $164,525,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Grand Canyon Education during the second quarter valued at approximately $397,654,000. William Blair Investment Management LLC purchased a new stake in shares of Grand Canyon Education during the 2nd quarter worth approximately $148,667,000. Wasatch Advisors LP raised its holdings in shares of Grand Canyon Education by 24.0% during the 2nd quarter. Wasatch Advisors LP now owns 391,960 shares of the company’s stock worth $56,093,000 after acquiring an additional 75,758 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Grand Canyon Education by 27.0% during the 1st quarter. Quantinno Capital Management LP now owns 329,160 shares of the company’s stock valued at $55,967,000 after acquiring an additional 70,048 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Grand Canyon Education during the 2nd quarter valued at approximately $42,939,000. 94.17% of the stock is currently owned by hedge funds and other institutional investors.

Grand Canyon Education Price Performance

Shares of Grand Canyon Education stock opened at $159.80 on Friday. Grand Canyon Education, Inc. has a 1 year low of $134.27 and a 1 year high of $223.04. The firm’s 50-day moving average is $150.30 and its two-hundred day moving average is $154.27. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.05 and a beta of 0.58.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%. The business had revenue of $264.05 million for the quarter, compared to the consensus estimate of $261.87 million. During the same period last year, the business posted $1.53 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts expect that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOPE has been the topic of several research reports. Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Sunday, August 9th. Barrington Research set a $200.00 price objective on shares of Grand Canyon Education in a research report on Friday, July 31st. BMO Capital Markets dropped their price objective on shares of Grand Canyon Education from $185.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grand Canyon Education in a research report on Tuesday, September 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.67.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc is an education services company that provides technology, academic, operational and support services to postsecondary institutions. The company helps partner universities deliver traditional, online and hybrid degree programs, with services spanning student enrollment, counseling, marketing, curriculum development, faculty support, technology infrastructure and field-experience coordination.

Grand Canyon Education was established in 2003 and was historically associated with Grand Canyon University, a private university based in Phoenix, Arizona.