Adtalem Global Education Inc. (NYSE:ATGE) Shares Bought by Atria Investments Inc

Atria Investments Inc increased its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 32.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,721 shares of the company’s stock after purchasing an additional 1,162 shares during the quarter. Atria Investments Inc’s holdings in Adtalem Global Education were worth $356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Adtalem Global Education by 81,701.2% during the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after buying an additional 1,328,462 shares in the last quarter. LSV Asset Management lifted its stake in shares of Adtalem Global Education by 2,360.6% in the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after buying an additional 618,466 shares during the period. Vanguard Group Inc. increased its position in shares of Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after purchasing an additional 100,705 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after buying an additional 65,945 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new stake in Adtalem Global Education in the 2nd quarter valued at $4,348,000. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Price Performance

Shares of ATGE opened at $88.82 on Friday. The stock has a market cap of $3.33 billion, a PE ratio of 20.32, a PEG ratio of 0.99 and a beta of 0.95. The business has a 50-day simple moving average of $78.15 and a two-hundred day simple moving average of $72.74. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $92.93.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. Analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barrington Research boosted their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets increased their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the sale, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at $355,888. This trade represents a 16.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,944,426. This represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 81,110 shares of company stock worth $6,074,681 in the last quarter. Insiders own 2.00% of the company’s stock.

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.