Grand Canyon Education, Inc. (NASDAQ:LOPE) Shares Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. raised its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 366,392 shares of the company's stock after acquiring an additional 35,446 shares during the period. Grand Canyon Education makes up about 2.3% of Reinhart Partners LLC.'s portfolio, making the stock its 20th biggest position. Reinhart Partners LLC. owned about 1.28% of Grand Canyon Education worth $63,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. NBC Securities Inc. purchased a new position in shares of Grand Canyon Education during the 1st quarter valued at approximately $419,000. Parallel Advisors LLC increased its holdings in shares of Grand Canyon Education by 15.7% during the 1st quarter. Parallel Advisors LLC now owns 4,820 shares of the company's stock valued at $834,000 after purchasing an additional 655 shares in the last quarter. Summit Global Investments increased its holdings in shares of Grand Canyon Education by 25.1% during the 1st quarter. Summit Global Investments now owns 8,730 shares of the company's stock valued at $1,510,000 after purchasing an additional 1,751 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Grand Canyon Education by 22,988.8% during the 1st quarter. GAMMA Investing LLC now owns 205,721 shares of the company's stock valued at $35,594,000 after purchasing an additional 204,830 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Grand Canyon Education by 484.3% during the 1st quarter. Versant Capital Management Inc now owns 2,454 shares of the company's stock valued at $425,000 after purchasing an additional 2,034 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOPE has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. BMO Capital Markets boosted their price target on shares of Grand Canyon Education from $208.00 to $222.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Barrington Research boosted their price target on shares of Grand Canyon Education from $205.00 to $215.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th.

Grand Canyon Education Price Performance

NASDAQ LOPE traded down $2.09 on Tuesday, hitting $183.45. The company had a trading volume of 144,875 shares, compared to its average volume of 181,460. Grand Canyon Education, Inc. has a 12-month low of $130.69 and a 12-month high of $202.28. The company has a market capitalization of $5.21 billion, a PE ratio of 23.70, a PEG ratio of 1.42 and a beta of 0.79. The company's fifty day moving average price is $184.61 and its 200-day moving average price is $175.92.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.06. Grand Canyon Education had a net margin of 21.90% and a return on equity of 30.67%. The business had revenue of $289.31 million during the quarter, compared to analyst estimates of $287.18 million. During the same quarter in the prior year, the firm earned $2.35 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

About Grand Canyon Education

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.