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

Calamos Advisors LLC acquired a new stake in Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,636 shares of the company's stock, valued at approximately $1,742,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in Grand Canyon Education by 12.0% in the 3rd quarter. FMR LLC now owns 1,323,406 shares of the company's stock valued at $187,725,000 after purchasing an additional 141,648 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Grand Canyon Education by 15.4% during the 3rd quarter. Wasatch Advisors LP now owns 513,767 shares of the company's stock worth $72,878,000 after purchasing an additional 68,579 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Grand Canyon Education by 19.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 263,381 shares of the company's stock worth $37,361,000 after purchasing an additional 43,005 shares during the period. Weiss Asset Management LP acquired a new stake in Grand Canyon Education in the 3rd quarter valued at about $4,942,000. Finally, Erste Asset Management GmbH acquired a new stake in Grand Canyon Education in the 3rd quarter valued at about $4,833,000. Institutional investors and hedge funds own 94.17% of the company's stock.

Insider Transactions at Grand Canyon Education

In related news, CTO Dilek Marsh sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $166.07, for a total value of $249,105.00. Following the transaction, the chief technology officer now owns 21,174 shares in the company, valued at approximately $3,516,366.18. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Grand Canyon Education Stock Down 0.6 %

Shares of LOPE stock traded down $1.12 during trading hours on Friday, hitting $180.45. 143,580 shares of the company were exchanged, compared to its average volume of 120,363. The firm has a market cap of $5.26 billion, a PE ratio of 23.71, a PEG ratio of 1.37 and a beta of 0.74. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $183.79. The firm has a fifty day moving average of $167.98 and a 200 day moving average of $153.48.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. The business had revenue of $238.30 million for the quarter, compared to analyst estimates of $239.69 million. Grand Canyon Education had a net margin of 22.09% and a return on equity of 31.01%. The company's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. Analysts expect that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LOPE shares. Robert W. Baird upped their target price on shares of Grand Canyon Education from $170.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Barrington Research restated an "outperform" rating and issued a $180.00 target price on shares of Grand Canyon Education in a report on Monday, January 27th. Finally, StockNews.com lowered shares of Grand Canyon Education from a "buy" rating to a "hold" rating in a report on Friday, November 15th.

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.