Fox Run Management L.L.C. Has $1.55 Million Stake in Grand Canyon Education, Inc. $LOPE

Fox Run Management L.L.C. increased its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 148.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,315 shares of the company’s stock after purchasing an additional 5,559 shares during the quarter. Fox Run Management L.L.C.’s holdings in Grand Canyon Education were worth $1,549,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LOPE. Norges Bank acquired a new position in Grand Canyon Education during the fourth quarter worth $61,919,000. William Blair Investment Management LLC boosted its holdings in Grand Canyon Education by 281.9% during the fourth quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock worth $75,362,000 after purchasing an additional 334,486 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Grand Canyon Education by 135.3% during the fourth quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after purchasing an additional 298,409 shares during the last quarter. UBS Group AG boosted its holdings in Grand Canyon Education by 523.1% during the fourth quarter. UBS Group AG now owns 194,634 shares of the company’s stock worth $32,370,000 after purchasing an additional 163,397 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Grand Canyon Education by 5,029.2% during the fourth quarter. M&T Bank Corp now owns 138,077 shares of the company’s stock worth $22,964,000 after purchasing an additional 135,385 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Grand Canyon Education Price Performance

Shares of LOPE opened at $148.59 on Tuesday. The firm has a 50-day moving average of $163.39 and a 200-day moving average of $164.67. Grand Canyon Education, Inc. has a one year low of $145.00 and a one year high of $223.04. The company has a market cap of $3.94 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.00 and a beta of 0.56.

Grand Canyon Education (NASDAQ:LOPE) last announced its quarterly earnings data on Thursday, April 30th. The company reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.08. Grand Canyon Education had a net margin of 19.54% and a return on equity of 34.72%. The company had revenue of $308.76 million during the quarter, compared to the consensus estimate of $307.75 million. During the same quarter last year, the firm posted $2.57 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current year.

Analyst Ratings Changes

LOPE has been the subject of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Grand Canyon Education in a report on Friday, April 10th. BMO Capital Markets reissued an “outperform” rating on shares of Grand Canyon Education in a research report on Thursday. Finally, Barrington Research reissued an “outperform” rating and issued a $230.00 price objective on shares of Grand Canyon Education in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $220.00.

About Grand Canyon Education

Grand Canyon Education, Inc provides a suite of higher‐education services through a long-term agreement with Grand Canyon University (GCU), one of the nation’s largest private Christian universities. The company’s offerings encompass a full range of academic and operational support functions, including enrollment management, student recruitment, curriculum development, instructional delivery, and technology infrastructure. Through its online program management capabilities, Grand Canyon Education helps design, market and deliver undergraduate, graduate and certificate programs to meet the needs of both traditional and non‐traditional learners.

Core services include digital marketing, admissions support, student success coaching, learning management systems and faculty recruitment.