Grand Canyon Education, Inc. $LOPE is Riverbridge Partners LLC’s 5th Largest Position

Riverbridge Partners LLC decreased its stake in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 716,586 shares of the company’s stock after selling 136,521 shares during the period. Grand Canyon Education makes up 3.0% of Riverbridge Partners LLC’s investment portfolio, making the stock its 5th largest holding. Riverbridge Partners LLC’s holdings in Grand Canyon Education were worth $121,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its position in Grand Canyon Education by 6,102.7% during the fourth quarter. Bank of Montreal Can now owns 480,460 shares of the company’s stock worth $79,905,000 after buying an additional 472,714 shares during the period. Norges Bank acquired a new stake in shares of Grand Canyon Education during the 4th quarter valued at approximately $61,919,000. William Blair Investment Management LLC boosted its stake in shares of Grand Canyon Education by 281.9% during the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock worth $75,362,000 after acquiring an additional 334,486 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of Grand Canyon Education by 135.3% during the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after acquiring an additional 298,409 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Grand Canyon Education by 523.1% during the 4th quarter. UBS Group AG now owns 194,634 shares of the company’s stock worth $32,370,000 after acquiring an additional 163,397 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Analyst Upgrades and Downgrades

LOPE has been the subject of several research analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research note on Thursday, April 16th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a research report on Friday, April 10th. Truist Financial set a $100.00 target price on Grand Canyon Education in a report on Tuesday, June 9th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $180.00.

Grand Canyon Education Price Performance

Shares of NASDAQ LOPE opened at $143.16 on Wednesday. The firm’s 50-day moving average is $157.99 and its two-hundred day moving average is $163.75. The company has a market capitalization of $3.80 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56. Grand Canyon Education, Inc. has a 12-month low of $140.02 and a 12-month high of $223.04.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.08. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The business had revenue of $308.76 million during the quarter, compared to analysts’ expectations of $307.75 million. During the same period last year, the company posted $2.57 EPS. The company’s revenue was up 6.7% on a year-over-year basis. On average, analysts forecast that Grand Canyon Education, Inc. will post 10.04 EPS 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.