Calamos Advisors LLC Boosts Stake in Grand Canyon Education, Inc. (NASDAQ:LOPE)

Calamos Advisors LLC lifted its holdings in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,744 shares of the company's stock after buying an additional 3,108 shares during the quarter. Calamos Advisors LLC's holdings in Grand Canyon Education were worth $2,378,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LOPE. Pallas Capital Advisors LLC grew its stake in shares of Grand Canyon Education by 5.0% in the first quarter. Pallas Capital Advisors LLC now owns 1,355 shares of the company's stock worth $234,000 after acquiring an additional 65 shares during the last quarter. Diversified Trust Co raised its stake in Grand Canyon Education by 5.4% during the 1st quarter. Diversified Trust Co now owns 1,293 shares of the company's stock valued at $224,000 after purchasing an additional 66 shares during the period. NDVR Inc. grew its holdings in Grand Canyon Education by 5.1% during the 4th quarter. NDVR Inc. now owns 1,878 shares of the company's stock valued at $308,000 after buying an additional 91 shares in the last quarter. Xponance Inc. grew its holdings in Grand Canyon Education by 2.1% during the 4th quarter. Xponance Inc. now owns 4,634 shares of the company's stock valued at $759,000 after buying an additional 95 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Grand Canyon Education by 20.5% during the 1st quarter. Blue Trust Inc. now owns 577 shares of the company's stock valued at $100,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barrington Research boosted their price objective on Grand Canyon Education from $205.00 to $215.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wall Street Zen lowered Grand Canyon Education from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets lowered their target price on Grand Canyon Education from $222.00 to $210.00 and set an "outperform" rating on the stock in a research note on Monday.

Grand Canyon Education Stock Performance

NASDAQ LOPE traded down $2.65 during trading on Wednesday, reaching $176.08. 119,845 shares of the company's stock were exchanged, compared to its average volume of 183,029. The company has a 50 day moving average price of $189.97 and a two-hundred day moving average price of $178.63. Grand Canyon Education, Inc. has a 1 year low of $130.69 and a 1 year high of $202.28. The stock has a market cap of $5.00 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 1.37 and a beta of 0.77.

Grand Canyon Education (NASDAQ:LOPE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.06. The firm had revenue of $289.31 million for the quarter, compared to analysts' expectations of $287.18 million. Grand Canyon Education had a return on equity of 30.94% and a net margin of 21.94%. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.35 EPS. Research analysts forecast that Grand Canyon Education, Inc. will post 8.81 EPS for the current fiscal year.

About Grand Canyon Education

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.