Reinhart Partners LLC. raised its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 10.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 366,392 shares of the company's stock after buying an additional 35,446 shares during the quarter. Grand Canyon Education comprises 2.3% of Reinhart Partners LLC.'s investment portfolio, making the stock its 20th largest holding. Reinhart Partners LLC. owned approximately 1.28% of Grand Canyon Education worth $63,393,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of LOPE. Barclays PLC lifted its holdings in shares of Grand Canyon Education by 0.4% during the third quarter. Barclays PLC now owns 18,977 shares of the company's stock worth $2,692,000 after buying an additional 84 shares during the last quarter. Choreo LLC increased its position in shares of Grand Canyon Education by 11.3% during the fourth quarter. Choreo LLC now owns 2,491 shares of the company's stock valued at $407,000 after purchasing an additional 253 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Grand Canyon Education during the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB increased its position in shares of Grand Canyon Education by 93.4% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,170 shares of the company's stock valued at $192,000 after purchasing an additional 565 shares during the period. Finally, Entropy Technologies LP increased its position in shares of Grand Canyon Education by 13.2% during the fourth quarter. Entropy Technologies LP now owns 3,421 shares of the company's stock valued at $560,000 after purchasing an additional 400 shares during the period. 94.17% of the stock is currently owned by institutional investors and hedge funds.
Grand Canyon Education Price Performance
Shares of NASDAQ:LOPE opened at $194.20 on Friday. The business's fifty day moving average price is $184.35 and its two-hundred day moving average price is $175.54. Grand Canyon Education, Inc. has a fifty-two week low of $130.69 and a fifty-two week high of $202.28. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 1.42 and a beta of 0.80.
Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a return on equity of 30.67% and a net margin of 21.90%. The firm had revenue of $289.31 million for the quarter, compared to analysts' expectations of $287.18 million. During the same period in the prior year, the business posted $2.35 earnings per share. The business's revenue was up 5.3% compared to the same quarter last year. Research analysts expect that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.
Wall Street Analyst Weigh In
LOPE has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Grand Canyon Education from $208.00 to $222.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen cut Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Barrington Research boosted their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th.
Read Our Latest Analysis on Grand Canyon Education
About Grand Canyon Education
(
Free Report)
Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.
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