Canada Pension Plan Investment Board Has $3.95 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Canada Pension Plan Investment Board raised its position in Adtalem Global Education Inc. (NYSE:ATGE) by 79.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,900 shares of the company’s stock after buying an additional 25,700 shares during the quarter. Canada Pension Plan Investment Board owned about 0.15% of Adtalem Global Education worth $3,949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATGE. Covestor Ltd raised its position in Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Adtalem Global Education in the 1st quarter valued at $53,000. GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Adtalem Global Education during the 1st quarter worth $56,000. Finally, Gladius Capital Management LP acquired a new stake in Adtalem Global Education in the second quarter valued at about $142,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATGE has been the subject of a number of research reports. Barrington Research reissued an “outperform” rating and issued a $90.00 target price on shares of Adtalem Global Education in a report on Thursday, August 29th. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Adtalem Global Education Stock Performance

Adtalem Global Education stock opened at $75.28 on Thursday. The business has a 50 day moving average of $74.52 and a 200-day moving average of $64.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. Adtalem Global Education Inc. has a 1 year low of $41.89 and a 1 year high of $80.18. The company has a market capitalization of $2.84 billion, a P/E ratio of 28.30, a P/E/G ratio of 0.90 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The firm had revenue of $409.91 million during the quarter, compared to the consensus estimate of $398.64 million. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts predict that Adtalem Global Education Inc. will post 5.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the sale, the director now owns 94,804 shares of the company’s stock, valued at $6,779,434.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total transaction of $525,753.20. Following the completion of the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,440 shares of company stock valued at $10,889,450. 2.20% of the stock is currently owned by company insiders.

Adtalem Global Education Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.