Riverwater Partners LLC Grows Stock Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Riverwater Partners LLC grew its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 134.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 29,636 shares of the company’s stock after acquiring an additional 16,985 shares during the quarter. Grand Canyon Education comprises approximately 2.1% of Riverwater Partners LLC’s holdings, making the stock its 6th largest holding. Riverwater Partners LLC owned 0.10% of Grand Canyon Education worth $4,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of Grand Canyon Education by 47.7% in the 2nd quarter. AQR Capital Management LLC now owns 538,532 shares of the company’s stock worth $74,452,000 after buying an additional 173,800 shares in the last quarter. Acadian Asset Management LLC grew its position in Grand Canyon Education by 78.5% in the first quarter. Acadian Asset Management LLC now owns 308,357 shares of the company’s stock worth $41,977,000 after acquiring an additional 135,626 shares in the last quarter. Renaissance Technologies LLC increased its stake in Grand Canyon Education by 41.0% during the second quarter. Renaissance Technologies LLC now owns 285,057 shares of the company’s stock worth $39,882,000 after acquiring an additional 82,855 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Grand Canyon Education by 89.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 173,075 shares of the company’s stock valued at $24,215,000 after purchasing an additional 81,853 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Grand Canyon Education by 42.3% during the second quarter. Assenagon Asset Management S.A. now owns 220,376 shares of the company’s stock valued at $30,833,000 after purchasing an additional 65,518 shares during the period. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Up 1.7 %

LOPE opened at $134.53 on Thursday. The business has a fifty day moving average of $139.60 and a 200 day moving average of $140.68. The stock has a market cap of $4.00 billion, a P/E ratio of 18.82, a PEG ratio of 1.12 and a beta of 0.69. Grand Canyon Education, Inc. has a 52-week low of $113.19 and a 52-week high of $157.53.

Grand Canyon Education (NASDAQ:LOPE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. Grand Canyon Education had a net margin of 21.88% and a return on equity of 31.49%. The firm had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $223.56 million. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts anticipate that Grand Canyon Education, Inc. will post 7.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOPE. StockNews.com downgraded Grand Canyon Education from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barrington Research reiterated an “outperform” rating and set a $165.00 price objective on shares of Grand Canyon Education in a research report on Friday, September 20th. Finally, BMO Capital Markets raised their target price on shares of Grand Canyon Education from $160.00 to $162.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

Insider Activity at Grand Canyon Education

In other Grand Canyon Education news, CTO Dilek Marsh sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $141.23, for a total transaction of $211,845.00. Following the transaction, the chief technology officer now directly owns 22,674 shares in the company, valued at $3,202,249.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.

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.