5 Best Education Stocks To Buy In 2024

In this article, we discuss 5 best education stocks to buy in 2024. If you want to read our discussion on the education industry, head directly to 11 Best Education Stocks To Buy In 2024. 

5. Grand Canyon Education, Inc. (NASDAQ:LOPE)

Number of Hedge Fund Holders: 27

Grand Canyon Education, Inc. (NASDAQ:LOPE) provides education services to colleges and universities in the United States. The company offers a range of services including technology, academic support, counseling, marketing, communication, and back-office services. On February 13, Grand Canyon Education, Inc. (NASDAQ:LOPE) reported a Q4 non-GAAP EPS of $2.77 and a revenue of $278.3 million, outperforming Wall Street estimates by $0.05 and $3.07 million, respectively. Revenue for the period increased 7.6% on a year-over-year basis. 

According to Insider Monkey’s fourth quarter database, 27 hedge funds were bullish on Grand Canyon Education, Inc. (NASDAQ:LOPE), compared to 16 funds in the earlier quarter. Cliff Asness’ AQR Capital Management is the largest stakeholder of the company, with 277,148 shares worth $36.5 million. 

Diamond Hill Long-Short Fund made the following comment about Grand Canyon Education, Inc. (NASDAQ:LOPE) in its Q4 2022 investor letter:

“Other bottom contributors included our long positions in Alphabet and Meta and our short position in Grand Canyon Education, Inc. (NASDAQ:LOPE). Post-secondary education services company Grand Canyon Education (LOPE) is benefiting from a positive inflection in online enrollment at Grand Canyon University (GCU), LOPE’s main client. This positive inflection may reflect some counter cyclical demand for education as people anticipate a slowing economy and therefore return to school to finish or obtain a degree. Shares responded positively to this inflection, which is expected to similarly increase net online enrolment in 2023’s first half. Longer term, we have doubts about LOPE’s growth prospects in a crowded field and as many for-profit universities (including LOPE) face challenges — and heightened regulatory scrutiny — shifting to a non-profit business model.”