5 Best Stocks to Invest in According to Philip Timon’s Owls Nest Partners

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

Timon’s Stake Value: $21,249,000
Percentage of Philip Timon’s 13F Portfolio: 12.4%
Number of Hedge Fund Holders: 24

Grand Canyon Education, Inc. (NASDAQ: LOPE) is a company that provides educational services to schools and universities around the US. The company was founded in 1949 and stands third on the list of 10 best stocks to invest in according to Philip Timon’s Owls Nest Partners. Grand Canyon Education, Inc. (NASDAQ: LOPE) currently has a $3.96 billion market capitalization.

On February 2, Barrington analyst Alexander Paris raised the price target on Grand Canyon to $125 from $110 and reiterated an “Outperform” rating on the shares.

The hedge fund chaired by Philip Timon holds 198,400 shares in Grand Canyon Education, Inc. (NASDAQ: LOPE) worth over $21 million. Owls Nest Partners’ stake in Grand Canyon Education, Inc. (NASDAQ: LOPE) shares decreased by 2% in the first quarter of 2021. Hedge funds are loading up on Grand Canyon Education, Inc. (NASDAQ: LOPE), as Insider Monkey’s data shows that 24 hedge funds held stakes in the company as of the end of the first quarter of 2021, compared to 26 funds a quarter earlier.

Wasatch Global Investors, in its first quarter 2021 investor letter, mentioned Grand Canyon Education, Inc. (NASDAQ: LOPE). Here is what the fund said:

“Grand Canyon Education, Inc. (LOPE)—a Fallen Angel that we have followed for a decade but had not owned until now—was among our notable purchases in the quarter. We believe Grand Canyon is the best-positioned publicly traded for-profit education company due to its strong brand, unique on-campus and online educational environments, and long runway of opportunity.”