Reinhart Partners LLC. Acquires 298,409 Shares of Grand Canyon Education, Inc. $LOPE

Reinhart Partners LLC. boosted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 135.3% in the fourth quarter, Holdings Channel reports. The firm owned 518,914 shares of the company’s stock after purchasing an additional 298,409 shares during the quarter. Grand Canyon Education comprises about 2.6% of Reinhart Partners LLC.’s portfolio, making the stock its 20th biggest holding. Reinhart Partners LLC.’s holdings in Grand Canyon Education were worth $86,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Grand Canyon Education during the fourth quarter worth about $25,000. Larson Financial Group LLC lifted its stake in Grand Canyon Education by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 157 shares of the company’s stock worth $26,000 after purchasing an additional 65 shares during the period. Hantz Financial Services Inc. lifted its stake in Grand Canyon Education by 98.2% during the fourth quarter. Hantz Financial Services Inc. now owns 218 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares during the period. Employees Retirement System of Texas bought a new position in Grand Canyon Education during the third quarter worth about $48,000. Finally, Financial Life Planners bought a new position in Grand Canyon Education during the third quarter worth about $49,000. Institutional investors own 94.17% of the company’s stock.

Grand Canyon Education Trading Down 0.3%

NASDAQ LOPE opened at $151.98 on Wednesday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 0.99 and a beta of 0.56. The company has a 50 day moving average of $165.11 and a 200-day moving average of $165.25. Grand Canyon Education, Inc. has a 1-year low of $148.80 and a 1-year high of $223.04.

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

Analyst Ratings Changes

LOPE has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. Barrington Research reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Grand Canyon Education in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Grand Canyon Education Company 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.