Riverbridge Partners LLC Has $208.69 Million Stake in Grand Canyon Education, Inc. $LOPE

Key Points

• Riverbridge Partners LLC reduced its stake in Grand Canyon Education by 13.0%, owning approximately $208.69 million worth of shares, making it the firm's 4th largest position.
• Recent research reports indicate an average Buy rating for Grand Canyon Education, with price targets ranging from $210.00 to $230.00 set by various analysts.
• Grand Canyon Education reported a positive earnings result of $1.53 per share, exceeding analyst estimates, and an 8.8% increase in revenue year-over-year.

Riverbridge Partners LLC lessened its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 13.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,104,185 shares of the company's stock after selling 164,340 shares during the quarter. Grand Canyon Education accounts for 3.4% of Riverbridge Partners LLC's investment portfolio, making the stock its 4th largest position. Riverbridge Partners LLC owned approximately 3.89% of Grand Canyon Education worth $208,691,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LOPE. SVB Wealth LLC bought a new position in Grand Canyon Education in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new position in Grand Canyon Education in the 1st quarter valued at $35,000. WPG Advisers LLC bought a new position in Grand Canyon Education in the 1st quarter valued at $44,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Grand Canyon Education by 58.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 261 shares of the company's stock valued at $45,000 after purchasing an additional 96 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Grand Canyon Education by 107.8% during the 1st quarter. UMB Bank n.a. now owns 318 shares of the company's stock valued at $55,000 after buying an additional 165 shares during the last quarter. Institutional investors own 94.17% of the company's stock.

Wall Street Analysts Forecast Growth

LOPE has been the topic of a number of recent research reports. Barrington Research reaffirmed an "outperform" rating and set a $230.00 price target on shares of Grand Canyon Education in a research report on Tuesday. Wall Street Zen raised Grand Canyon Education from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, BMO Capital Markets dropped their price objective on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a report on Monday, July 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $208.67.

Grand Canyon Education Stock Down 0.7%

Shares of NASDAQ LOPE opened at $211.17 on Thursday. The firm has a market capitalization of $5.93 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.56 and a beta of 0.80. The stock's 50-day simple moving average is $193.56 and its two-hundred day simple moving average is $185.69. Grand Canyon Education, Inc. has a twelve month low of $130.69 and a twelve month high of $214.14.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $0.16. The business had revenue of $247.50 million for the quarter, compared to analyst estimates of $240.90 million. Grand Canyon Education had a return on equity of 31.50% and a net margin of 22.15%.The company's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. As a group, research analysts anticipate that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

Grand Canyon Education Company Profile

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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