Grand Canyon Education, Inc. $LOPE Stock: Reinhart Partners LLC. Grows Stake

Key Points

• Reinhart Partners increased its Grand Canyon Education stake by 22.9% in the third quarter, owning 1.09 million shares valued at approximately $164.5 million. Institutional investors collectively hold 94.17% of the company.
• Grand Canyon Education reported quarterly EPS of $1.81, exceeding the $1.67 consensus estimate, while revenue rose 6.7% year over year to $264.05 million.
• LOPE shares opened at $159.80, near the analyst consensus price target of $160.67. Analysts maintain a “Moderate Buy” consensus, although one firm downgraded the stock to “Hold.”

Reinhart Partners LLC. grew its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 22.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,085,326 shares of the company's stock after purchasing an additional 202,399 shares during the quarter. Grand Canyon Education makes up approximately 4.0% of Reinhart Partners LLC.'s holdings, making the stock its 5th biggest position. Reinhart Partners LLC. owned about 4.16% of Grand Canyon Education worth $164,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Grand Canyon Education during the second quarter valued at approximately $397,654,000. William Blair Investment Management LLC purchased a new position in shares of Grand Canyon Education during the 2nd quarter worth $148,667,000. Wasatch Advisors LP boosted its stake 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 during the last quarter. Quantinno Capital Management LP grew 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 period. Finally, Jupiter Topco LLC bought a new stake in shares of Grand Canyon Education during the 2nd quarter valued at $42,939,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Grand Canyon Education Stock Down 0.3%

Shares of Grand Canyon Education stock opened at $159.80 on Friday. The stock's 50-day simple moving average is $150.30 and its 200-day simple moving average is $154.27. Grand Canyon Education, Inc. has a 52 week low of $134.27 and a 52 week high of $223.04. The company has a market capitalization 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 - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.14. The firm had revenue of $264.05 million during the quarter, compared to analysts' expectations of $261.87 million. Grand Canyon Education had a return on equity of 36.62% and a net margin of 19.63%. The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $1.53 earnings per share. On average, equities analysts expect that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current year.

Analyst Ratings Changes

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

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