Reinhart Partners LLC. Grows Stock Position in Grand Canyon Education, Inc. $LOPE

Reinhart Partners LLC. boosted its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 36.9% during the second quarter, Holdings Channel.com reports. The firm owned 882,927 shares of the company’s stock after buying an additional 237,939 shares during the period. Grand Canyon Education accounts for about 2.9% of Reinhart Partners LLC.’s portfolio, making the stock its 12th largest position. Reinhart Partners LLC.’s holdings in Grand Canyon Education were worth $126,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in shares of Grand Canyon Education during the fourth quarter worth about $25,000. Toronto Dominion Bank purchased a new position in Grand Canyon Education during the 4th quarter valued at about $26,000. Larson Financial Group LLC raised its position in Grand Canyon Education by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Leonteq Securities AG raised its position in Grand Canyon Education by 48.9% during the 1st quarter. Leonteq Securities AG now owns 195 shares of the company’s stock valued at $33,000 after purchasing an additional 64 shares during the last quarter. Finally, Financial Life Planners purchased a new stake in Grand Canyon Education in the 1st quarter worth approximately $33,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Stock Up 2.5%

Shares of LOPE stock opened at $152.53 on Friday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 0.97 and a beta of 0.57. The business’s fifty day moving average is $147.17 and its 200 day moving average is $159.27. Grand Canyon Education, Inc. has a twelve month low of $134.27 and a twelve month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.67 by $0.14. The business had revenue of $264.05 million during the quarter, compared to analyst estimates of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. Equities research analysts expect that Grand Canyon Education, Inc. will post 10.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barrington Research set a $200.00 target price on Grand Canyon Education in a research note on Friday, July 31st. BMO Capital Markets dropped their price target on Grand Canyon Education from $198.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Weiss Ratings downgraded shares of Grand Canyon Education from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Truist Financial set a $100.00 target price on shares of Grand Canyon Education in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Grand Canyon Education presently has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.