Reinhart Partners LLC. Has $86.30 Million Stake in Grand Canyon Education, Inc. $LOPE

Reinhart Partners LLC. raised its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 135.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,914 shares of the company’s stock after acquiring an additional 298,409 shares during the period. Grand Canyon Education makes up 2.6% of Reinhart Partners LLC.’s portfolio, making the stock its 20th biggest holding. Reinhart Partners LLC. owned approximately 1.86% of Grand Canyon Education worth $86,303,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Grand Canyon Education during the fourth quarter valued at about $25,000. Larson Financial Group LLC boosted its holdings in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock valued at $26,000 after acquiring an additional 65 shares during the period. Hantz Financial Services Inc. boosted its holdings in Grand Canyon Education by 98.2% during the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. Employees Retirement System of Texas bought a new stake in Grand Canyon Education during the third quarter valued at about $48,000. Finally, Financial Life Planners bought a new stake in Grand Canyon Education during the third quarter valued at about $49,000. 94.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOPE has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reiterated an “outperform” rating and issued a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Grand Canyon Education Stock Performance

NASDAQ LOPE opened at $151.98 on Wednesday. The firm has a 50-day simple moving average of $165.11 and a 200 day simple moving average of $165.25. Grand Canyon Education, Inc. has a twelve month low of $148.80 and a twelve month high of $223.04. The stock has a market cap of $4.03 billion, a PE ratio of 19.00, a PEG ratio of 0.99 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last released its earnings results on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.08. The business had revenue of $308.76 million during the quarter, compared to analysts’ expectations of $307.75 million. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $2.57 earnings per share. Research analysts forecast that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

Grand Canyon Education 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.