Reinhart Partners LLC. Has $54.21 Million Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Reinhart Partners LLC. lifted its holdings in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,946 shares of the company's stock after buying an additional 5,339 shares during the period. Grand Canyon Education comprises approximately 2.1% of Reinhart Partners LLC.'s portfolio, making the stock its 21st biggest position. Reinhart Partners LLC. owned about 1.14% of Grand Canyon Education worth $54,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LOPE. Reston Wealth Management LLC acquired a new stake in Grand Canyon Education during the 3rd quarter worth about $28,000. True Wealth Design LLC purchased a new position in Grand Canyon Education in the third quarter valued at about $31,000. Versant Capital Management Inc increased its position in Grand Canyon Education by 66.0% in the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company's stock worth $69,000 after purchasing an additional 167 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Grand Canyon Education during the 3rd quarter worth about $60,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Grand Canyon Education during the 3rd quarter valued at about $86,000. Hedge funds and other institutional investors own 94.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LOPE shares. BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Barrington Research lifted their price objective on shares of Grand Canyon Education from $165.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com downgraded shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Robert W. Baird upped their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th.

Grand Canyon Education Stock Performance

Shares of LOPE traded up $0.24 during mid-day trading on Monday, hitting $161.13. The company's stock had a trading volume of 128,630 shares, compared to its average volume of 126,476. Grand Canyon Education, Inc. has a one year low of $118.48 and a one year high of $173.37. The stock's 50-day moving average is $164.29 and its two-hundred day moving average is $149.76. The firm has a market capitalization of $4.70 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. During the same period last year, the business posted $1.26 EPS. The business's quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that Grand Canyon Education, Inc. will post 8.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $166.07, for a total transaction of $249,105.00. Following the completion of the transaction, the chief technology officer now directly owns 21,174 shares in the company, valued at $3,516,366.18. This represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

Grand Canyon Education 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.