Calamos Advisors LLC Buys New Position in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Calamos Advisors LLC purchased a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE) during the 4th quarter, HoldingsChannel reports. The firm purchased 8,617 shares of the company’s stock, valued at approximately $1,138,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOPE. Alaska Permanent Fund Corp raised its holdings in shares of Grand Canyon Education by 10.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 79,446 shares of the company’s stock worth $9,286,000 after purchasing an additional 7,465 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Grand Canyon Education by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 19,049 shares of the company’s stock valued at $2,226,000 after buying an additional 85 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $592,000. Sei Investments Co. lifted its position in shares of Grand Canyon Education by 7.8% during the 3rd quarter. Sei Investments Co. now owns 168,209 shares of the company’s stock valued at $19,660,000 after acquiring an additional 12,125 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Grand Canyon Education by 11.9% during the 3rd quarter. Van Berkom & Associates Inc. now owns 871,871 shares of the company’s stock worth $101,904,000 after acquiring an additional 92,445 shares in the last quarter. 94.17% of the stock is currently owned by institutional investors.

Grand Canyon Education Trading Down 3.0 %

LOPE stock opened at $127.15 on Monday. The firm has a 50-day moving average of $132.70 and a two-hundred day moving average of $130.91. The firm has a market capitalization of $3.82 billion, a PE ratio of 18.70, a P/E/G ratio of 1.11 and a beta of 0.59. Grand Canyon Education, Inc. has a one year low of $99.65 and a one year high of $144.94.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.72 by $0.05. Grand Canyon Education had a net margin of 21.33% and a return on equity of 31.75%. The business had revenue of $278.28 million during the quarter, compared to the consensus estimate of $275.00 million. On average, equities research analysts anticipate that Grand Canyon Education, Inc. will post 7.65 earnings per share for the current year.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $132.65, for a total transaction of $198,975.00. Following the transaction, the chief technology officer now directly owns 25,674 shares of the company’s stock, valued at $3,405,656.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an “outperform” rating and set a $160.00 target price on shares of Grand Canyon Education in a research report on Thursday.

Grand Canyon Education Company Profile

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.