Reinhart Partners Inc. Has $6.41 Million Holdings in Grand Canyon Education Inc (NASDAQ:LOPE)

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Reinhart Partners Inc. grew its position in Grand Canyon Education Inc (NASDAQ:LOPE) by 36.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 65,280 shares of the company’s stock after acquiring an additional 17,461 shares during the quarter. Reinhart Partners Inc.’s holdings in Grand Canyon Education were worth $6,410,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LOPE. Marshall Wace LLP purchased a new stake in Grand Canyon Education during the first quarter worth about $77,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Grand Canyon Education by 3.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 155,770 shares of the company’s stock valued at $17,837,000 after purchasing an additional 5,329 shares in the last quarter. Country Club Trust Company n.a. lifted its holdings in shares of Grand Canyon Education by 34.6% in the second quarter. Country Club Trust Company n.a. now owns 3,518 shares of the company’s stock valued at $411,000 after purchasing an additional 905 shares in the last quarter. First Hawaiian Bank lifted its holdings in shares of Grand Canyon Education by 1.6% in the second quarter. First Hawaiian Bank now owns 6,803 shares of the company’s stock valued at $796,000 after purchasing an additional 108 shares in the last quarter. Finally, OLD National Bancorp IN lifted its holdings in shares of Grand Canyon Education by 14.9% in the second quarter. OLD National Bancorp IN now owns 4,220 shares of the company’s stock valued at $494,000 after purchasing an additional 546 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

A number of research firms have recently weighed in on LOPE. Robert W. Baird cut 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 research report on Thursday. BMO Capital Markets cut their price objective on shares of Grand Canyon Education from $126.00 to $116.00 and set an “outperform” rating for the company in a research report on Thursday. 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 research report on Saturday. ValuEngine raised shares of Grand Canyon Education from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Finally, BidaskClub lowered shares of Grand Canyon Education from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Grand Canyon Education presently has a consensus rating of “Buy” and an average price target of $119.50.

In other Grand Canyon Education news, insider Joseph N. Mildenhall sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $108.75, for a total transaction of $217,500.00. Following the completion of the sale, the insider now directly owns 56,809 shares of the company’s stock, valued at approximately $6,177,978.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dilek Marsh sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $126.83, for a total value of $126,830.00. Following the sale, the insider now directly owns 26,624 shares of the company’s stock, valued at $3,376,721.92. The disclosure for this sale can be found here. Insiders have sold a total of 5,000 shares of company stock valued at $596,730 over the last three months. Company insiders own 2.00% of the company’s stock.

Shares of NASDAQ:LOPE traded down $3.19 during trading on Friday, reaching $84.89. The stock had a trading volume of 1,074,500 shares, compared to its average volume of 368,573. 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 Inc has a fifty-two week low of $76.48 and a fifty-two week high of $132.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $97.66 and a 200-day moving average price of $114.69.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.09. The firm had revenue of $193.30 million during the quarter, compared to analysts’ expectations of $191.75 million. Grand Canyon Education had a return on equity of 21.06% and a net margin of 33.14%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. As a group, equities analysts forecast that Grand Canyon Education Inc will post 5.39 EPS for the current year.

About Grand Canyon Education

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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Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education Inc (NASDAQ:LOPE).

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

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