Vanguard Personalized Indexing Management LLC raised its stake in Adtalem Global Education Inc. (NYSE:ATGE – Free Report) by 16.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,279 shares of the company’s stock after acquiring an additional 459 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Adtalem Global Education were worth $417,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in shares of Adtalem Global Education by 124.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 699,027 shares of the company’s stock worth $70,350,000 after purchasing an additional 387,330 shares during the period. Northern Trust Corp boosted its position in Adtalem Global Education by 8.0% in the 1st quarter. Northern Trust Corp now owns 511,966 shares of the company’s stock valued at $51,524,000 after buying an additional 37,742 shares during the period. Invesco Ltd. boosted its position in Adtalem Global Education by 13.3% in the 1st quarter. Invesco Ltd. now owns 442,945 shares of the company’s stock valued at $44,578,000 after buying an additional 52,013 shares during the period. Boston Partners boosted its position in Adtalem Global Education by 11.3% in the 1st quarter. Boston Partners now owns 435,060 shares of the company’s stock valued at $43,876,000 after buying an additional 44,110 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in Adtalem Global Education by 58.2% in the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company’s stock valued at $41,206,000 after buying an additional 150,702 shares during the period. 98.84% of the stock is currently owned by institutional investors.
Adtalem Global Education Stock Down 0.7%
ATGE stock opened at $151.95 on Thursday. The firm’s fifty day simple moving average is $140.70 and its 200-day simple moving average is $126.30. The company has a market capitalization of $5.52 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.82 and a quick ratio of 0.82. Adtalem Global Education Inc. has a 12 month low of $71.70 and a 12 month high of $155.39.
Insiders Place Their Bets
In related news, Director Lisa W. Wardell sold 25,477 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $132.38, for a total transaction of $3,372,645.26. Following the sale, the director directly owned 43,451 shares of the company’s stock, valued at approximately $5,752,043.38. This represents a 36.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $135.67, for a total transaction of $128,072.48. Following the transaction, the chief accounting officer directly owned 4,901 shares in the company, valued at approximately $664,918.67. The trade was a 16.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,713 shares of company stock worth $7,702,094 over the last three months. 2.50% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
ATGE has been the subject of several research reports. Zacks Research cut shares of Adtalem Global Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Wall Street Zen cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Adtalem Global Education in a research report on Wednesday, October 8th. Finally, Barrington Research boosted their price objective on shares of Adtalem Global Education from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.67.
Read Our Latest Analysis on ATGE
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.
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