Adtalem Global Education Inc. (NYSE:ATGE) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 94.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,043 shares of the company’s stock after purchasing an additional 8,759 shares during the period. Intech Investment Management LLC’s holdings in Adtalem Global Education were worth $1,362,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ATGE. Meeder Asset Management Inc. acquired a new position in Adtalem Global Education during the third quarter worth $27,000. Quarry LP purchased a new position in shares of Adtalem Global Education during the 2nd quarter worth $43,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Adtalem Global Education during the 1st quarter valued at about $53,000. GAMMA Investing LLC grew its holdings in shares of Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in Adtalem Global Education during the second quarter worth about $142,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. 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. Barrington Research raised their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 28,301 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the transaction, the director now owns 105,085 shares of the company’s stock, valued at $7,959,137.90. This trade represents a 21.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 55,529 shares of company stock valued at $4,140,946 in the last three months. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $91.43 on Wednesday. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50 day moving average price is $78.85 and its 200-day moving average price is $73.25. The firm has a market cap of $3.43 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.02 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. As a group, equities research analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

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.