Calamos Advisors LLC acquired a new position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,636 shares of the company’s stock, valued at approximately $1,742,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in shares of Grand Canyon Education in the third quarter worth approximately $28,000. True Wealth Design LLC purchased a new stake in Grand Canyon Education in the 3rd quarter worth approximately $31,000. Financial Life Planners acquired a new stake in shares of Grand Canyon Education during the 4th quarter valued at $37,000. Capital Performance Advisors LLP acquired a new stake in shares of Grand Canyon Education during the 3rd quarter valued at $60,000. Finally, Versant Capital Management Inc grew its holdings in shares of Grand Canyon Education by 66.0% during the 4th quarter. Versant Capital Management Inc now owns 420 shares of the company’s stock valued at $69,000 after acquiring an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on LOPE shares. StockNews.com lowered Grand Canyon Education from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Robert W. Baird raised their price target on Grand Canyon Education from $170.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barrington Research reissued an “outperform” rating and issued a $180.00 price target on shares of Grand Canyon Education in a research note on Monday, January 27th. Finally, BMO Capital Markets raised their price objective on shares of Grand Canyon Education from $152.00 to $173.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th.
Insiders Place Their Bets
In other news, CTO Dilek Marsh sold 1,500 shares of the business’s stock in a transaction 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 completion of the sale, the chief technology officer now directly owns 21,174 shares in the company, valued at approximately $3,516,366.18. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.
Grand Canyon Education Trading Up 1.2 %
Shares of NASDAQ:LOPE opened at $179.16 on Wednesday. Grand Canyon Education, Inc. has a 1 year low of $118.48 and a 1 year high of $180.98. The firm has a fifty day moving average price of $166.75 and a 200 day moving average price of $152.67. The stock has a market capitalization of $5.22 billion, a PE ratio of 23.54, a P/E/G ratio of 1.33 and a beta of 0.74.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.01. Grand Canyon Education had a return on equity of 31.01% and a net margin of 22.09%. The company had revenue of $238.30 million during the quarter, compared to the consensus estimate of $239.69 million. During the same quarter in the prior year, the company posted $1.26 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Grand Canyon Education, Inc. will post 8.03 earnings per share for the current fiscal year.
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.
Read More
- Five stocks we like better than Grand Canyon Education
- The 3 Best Blue-Chip Stocks to Buy Now
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- What is a Bond Market Holiday? How to Invest and Trade
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- What Investors Need to Know to Beat the Market
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
Want to see what other hedge funds are holding LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).
Receive News & Ratings for Grand Canyon Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grand Canyon Education and related companies with MarketBeat.com's FREE daily email newsletter.