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

Fox Run Management L.L.C. lifted its stake in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 148.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,315 shares of the company’s stock after buying 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.

A number of other hedge funds also recently modified their holdings of LOPE. Norges Bank acquired a new stake in shares of Grand Canyon Education during the 4th quarter worth about $61,919,000. William Blair Investment Management LLC lifted its stake in shares of Grand Canyon Education by 281.9% during the 4th quarter. William Blair Investment Management LLC now owns 453,140 shares of the company’s stock worth $75,362,000 after buying an additional 334,486 shares during the last quarter. Reinhart Partners LLC. lifted its stake in shares of Grand Canyon Education by 135.3% during the 4th quarter. Reinhart Partners LLC. now owns 518,914 shares of the company’s stock worth $86,303,000 after buying an additional 298,409 shares during the last quarter. UBS Group AG lifted its stake in shares of Grand Canyon Education by 523.1% during the 4th quarter. UBS Group AG now owns 194,634 shares of the company’s stock worth $32,370,000 after buying an additional 163,397 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Grand Canyon Education by 5,029.2% during the 4th quarter. M&T Bank Corp now owns 138,077 shares of the company’s stock worth $22,964,000 after buying 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 Stock Down 2.6%

Shares of Grand Canyon Education stock opened at $148.59 on Tuesday. Grand Canyon Education, Inc. has a twelve month low of $145.00 and a twelve month high of $223.04. The company has a 50-day simple moving average of $163.39 and a two-hundred day simple moving average of $164.67. The stock has a market capitalization of $3.94 billion, a price-to-earnings 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 issued its quarterly earnings data on Thursday, April 30th. The company reported $2.86 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $308.76 million during the quarter, compared to analysts’ expectations of $307.75 million. During the same quarter in the previous year, the company earned $2.57 EPS. The business’s revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts anticipate that Grand Canyon Education, Inc. will post 10.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a research note on Thursday, April 16th. BMO Capital Markets reiterated an “outperform” rating on shares of Grand Canyon Education in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Grand Canyon Education in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock 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.