Raymond James Financial Inc. Takes $2.37 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Raymond James Financial Inc. bought a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 26,063 shares of the company’s stock, valued at approximately $2,368,000. Raymond James Financial Inc. owned 0.07% of Adtalem Global Education as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after purchasing an additional 110 shares during the period. Bailard Inc. purchased a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $379,000. Smith Group Asset Management LLC purchased a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $614,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $272,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Adtalem Global Education by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock worth $18,227,000 after purchasing an additional 7,069 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Transactions at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education Trading Up 1.1 %

Shares of NYSE ATGE opened at $107.62 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $100.72 and a two-hundred day simple moving average of $94.64. The firm has a market cap of $4.01 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a twelve month low of $48.94 and a twelve month high of $112.44.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATGE has been the subject of a number of recent research reports. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. BMO Capital Markets raised their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Jefferies Financial Group started coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a “buy” rating and a $135.00 price target for the company. Finally, Barrington Research reissued an “outperform” rating and set a $120.00 price target on shares of Adtalem Global Education in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $110.00.

About Adtalem Global Education

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.