Reinhart Partners LLC. Acquires 5,339 Shares of Grand Canyon Education, Inc. (NASDAQ:LOPE)

Reinhart Partners LLC. lifted its position in Grand Canyon Education, Inc. (NASDAQ:LOPE) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 330,946 shares of the company’s stock after purchasing an additional 5,339 shares during the quarter. Grand Canyon Education comprises about 2.1% of Reinhart Partners LLC.’s investment 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 reporting period.

Other large investors have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in shares of Grand Canyon Education in the third quarter worth about $28,000. True Wealth Design LLC purchased a new stake in shares of Grand Canyon Education in the third quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new stake in shares of Grand Canyon Education in the third quarter worth approximately $60,000. Versant Capital Management Inc raised its holdings in shares of Grand Canyon Education by 66.0% in the fourth quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock worth $69,000 after buying an additional 167 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Grand Canyon Education in the third quarter worth approximately $86,000. 94.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of Grand Canyon Education stock in a transaction dated 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 owns 21,174 shares in the company, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Grand Canyon Education Price Performance

NASDAQ LOPE traded down $0.79 during midday trading on Monday, hitting $160.10. 43,198 shares of the company traded hands, compared to its average volume of 114,011. The company has a market cap of $4.67 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75. The company’s 50-day simple moving average is $163.82 and its 200-day simple moving average is $149.57. Grand Canyon Education, Inc. has a 52 week low of $118.48 and a 52 week high of $173.37.

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

Grand Canyon Education Company 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.