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Is Grand Canyon Education (LOPE) a Good Deed to Buy Now?

By on September 16, 2021 0

Wasatch Core Growth Fund recently released its Q2 2021 letter to investors, a copy of which you can download here. The fund returned 8.6% for the quarter, outperforming its benchmark, the Russell 2000 Index, which returned 4.3% for the same quarter. You should check out the Top 5 Wasatch Stock Picks for Investors to Buy Right Now, which could be the biggest winners of 2021.

In the Q2 2021 letter to investors, the fund highlighted a few stocks and Grand Canyon Education Inc. (NASDAQ: LOPE) is one of them. Grand Canyon Education Inc. (NASDAQ: LOPE) provides online post-secondary education services. In the past three months, Grand Canyon Education Inc. (NASDAQ: LOPE) stock has lost 2%. Here’s what the fund says:

Another major detractor was Grand Canyon Education, Inc. (LOPE). The company offers graduate and undergraduate degree programs and certifications in areas related to education, business and healthcare. Campus service in Arizona with Division 1 dorms and sports. While use of online education was particularly strong during the height of the pandemic, recent campus enrollments have been somewhat weaker as counselors from admissions were unable to visit many high schools due to the As a result, the Grand Canyon stock declined during the quarter, but we believe the problem is transient and its growth path will resume in 2022. “

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In August, we published an article revealing that Grand Canyon Education Inc. (NASDAQ: LOPE) was one of the top 5 stocks to invest in according to Philip Timon’s Owls Nest Partners.

In the first quarter of 2021, the number of bull hedge fund positions in Grand Canyon Education Inc. (NASDAQ: LOPE) stock declined by about 8% from the previous quarter (see chart here), so that a number of other hedge fund managers do not. believe in the growth potential of LOPE. Our calculations showed that Grand Canyon Education Inc. (NASDAQ: LOPE) is not ranked among the top 30 most popular stocks among hedge funds.

The 10 largest stocks among hedge funds returned 231.2% between 2015 and 2020 and outperformed S&P 500 Index ETFs by more than 126 percentage points. We know it sounds amazing. You rejected our articles on major hedge fund stocks mainly because other media provided you with biased information about poor performance of hedge funds. You could have doubled the size of your nest egg by investing in the best hedge fund stocks instead of stupid S&P 500 ETFs. Here you can watch our video on the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

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Disclosure: none. This article originally appeared on Insider Monkey.


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