Reinhart Partners Inc. Grows Stock Holdings in Grand Canyon Education Inc (NASDAQ:LOPE)

Reinhart Partners Inc. raised its position in Grand Canyon Education Inc (NASDAQ:LOPE) by 36.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,280 shares of the company’s stock after acquiring an additional 17,461 shares during the quarter. Reinhart Partners Inc. owned approximately 0.14% of Grand Canyon Education worth $6,410,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new stake in shares of Grand Canyon Education in the second quarter valued at approximately $35,000. Quest Capital Management Inc. ADV bought a new position in shares of Grand Canyon Education in the third quarter worth approximately $45,000. Marshall Wace LLP bought a new position in shares of Grand Canyon Education in the first quarter worth approximately $77,000. Captrust Financial Advisors lifted its stake in shares of Grand Canyon Education by 15.6% in the second quarter. Captrust Financial Advisors now owns 817 shares of the company’s stock worth $96,000 after buying an additional 110 shares in the last quarter. Finally, FTB Advisors Inc. lifted its stake in shares of Grand Canyon Education by 85.9% in the second quarter. FTB Advisors Inc. now owns 1,069 shares of the company’s stock worth $125,000 after buying an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

LOPE stock traded down $3.19 during midday trading on Friday, reaching $84.89. 1,074,500 shares of the company’s stock traded hands, compared to its average volume of 368,573. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Grand Canyon Education Inc has a 52-week low of $76.48 and a 52-week high of $132.72. The stock’s 50-day moving average is $97.66 and its 200 day moving average is $114.69. The stock has a market cap of $4.44 billion, a P/E ratio of 16.68, a PEG ratio of 1.14 and a beta of 0.65.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. Grand Canyon Education had a net margin of 33.14% and a return on equity of 21.06%. The company had revenue of $193.30 million during the quarter, compared to analyst estimates of $191.75 million. During the same quarter in the previous year, the firm earned $1.06 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. As a group, research analysts expect that Grand Canyon Education Inc will post 5.39 EPS for the current fiscal year.

LOPE has been the topic of several analyst reports. BMO Capital Markets dropped their target price on shares of Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating on the stock in a research note on Thursday. BidaskClub cut shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 22nd. Zacks Investment Research raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Saturday. Robert W. Baird decreased their price objective on shares of Grand Canyon Education from $145.00 to $118.00 and set an “outperform” rating for the company in a report on Thursday. Finally, ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Grand Canyon Education presently has an average rating of “Buy” and a consensus target price of $119.50.

In other news, insider Dilek Marsh sold 1,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $126.83, for a total value of $126,830.00. Following the completion of the sale, the insider now owns 26,624 shares in the company, valued at $3,376,721.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph N. Mildenhall sold 2,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $108.75, for a total value of $217,500.00. Following the completion of the sale, the insider now owns 56,809 shares of the company’s stock, valued at approximately $6,177,978.75. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock valued at $596,730 over the last quarter. Company insiders own 2.00% of the company’s stock.

Grand Canyon Education Profile

Grand Canyon Education, Inc provides education services in the United States. It offers technology and academic, counseling and support, and marketing and communication services, as well as back office services, such as financial aid processing, accounting, reporting, tax, human resources, and procurement services to the Grand Canyon University.

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Institutional Ownership by Quarter for Grand Canyon Education (NASDAQ:LOPE)

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