Calamos Advisors LLC bought a new position in Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report) during the 4th quarter, HoldingsChannel reports. The company purchased 8,617 shares of the company's stock, valued at approximately $1,138,000.
Several other hedge funds and institutional investors have also recently bought and sold shares of LOPE. Alaska Permanent Fund Corp boosted 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 valued at $9,286,000 after purchasing an additional 7,465 shares in the last quarter. North Carolina State Treasurer increased his holdings in shares of Grand Canyon Education by 0.4% in the 3rd quarter. North Carolina State Treasurer now owns 19,049 shares of the company's stock valued at $2,226,000 after purchasing an additional 85 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Grand Canyon Education in the 3rd quarter valued at $592,000. Sei Investments Co. increased its position in shares of Grand Canyon Education by 7.8% in 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. increased 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 valued at $111,904,000 after acquiring an additional 92,445 shares in the last quarter. Currently, 94.17% of the stock is held by institutional investors.
Grand Canyon Education Trading, down 3.0%
LOPE stock opened at $127.15 on Monday. The company's 50 day moving average is $132.70 and its 200 day moving average is $130.91. The company has a market capitalization of $3.82 billion, a P/E ratio of 18.70x, a P/E ratio of 1.11x, and a beta of 0.59x. Grand Canyon Education, Inc. has a 1 year low of $99.65 and a 1 year high of $144.94.
Grand Canyon Education (NASDAQ:LOPE – Get Free Report) last announced 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 profit margin of 21.33% and a return on equity of 31.75%. The business had revenue of $278.28 million for the quarter, compared to the consensus estimate of $275.0 million. On average, equity research analysts expect Grand Canyon Education to post earnings of $7.65 per share for the current year.
Insider Trading in 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 and Exchange Commission, which can be accessed through this link. His 2.00% of shares are currently owned by insiders.
Analyst upgrades and downgrades
Separately, Barrington Research reaffirmed an “outperform” rating and set a $160.00 price objective on shares of Grand Canyon Education in a research report on Thursday.
Read the latest stock analysis for Grand Canyon Education
Grand Canyon Education Company Profile
(Free report)
Grand Canyon Education, Inc provides educational services to universities in the United States. We provide technology services such as learning management systems, internal administration, infrastructure, and support services. Academic services such as programs and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites. Counseling and support services, including admissions, financial aid, field experience and other counseling services.
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Curious if other hedge funds own LOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Grand Canyon Education, Inc. (NASDAQ:LOPE – Free Report).
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