Natixis Advisors LLC Makes New $828,000 Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Natixis Advisors LLC bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) during the 3rd quarter, Holdings Channel.com reports. The fund bought 10,967 shares of the company’s stock, valued at approximately $828,000.

A number of other institutional investors and hedge funds have also modified their holdings of ATGE. Vanguard Group Inc. grew its holdings in shares of Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after acquiring an additional 100,705 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Adtalem Global Education by 3.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,639 shares of the company’s stock worth $1,627,000 after acquiring an additional 1,197 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Adtalem Global Education in the 1st quarter worth approximately $53,000. GAMMA Investing LLC grew its holdings in shares of Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after acquiring an additional 433 shares during the period. Finally, Gladius Capital Management LP acquired a new stake in shares of Adtalem Global Education in the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the transaction, the director now owns 105,085 shares of the company’s stock, valued at $7,576,628.50. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 55,529 shares of company stock valued at $4,140,946. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Adtalem Global Education Price Performance

ATGE stock opened at $90.75 on Thursday. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 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 stock’s 50 day moving average price is $79.21 and its 200 day moving average price is $73.43. The firm has a market cap of $3.40 billion, a P/E ratio of 20.77, a PEG ratio of 1.04 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same quarter in the prior year, the company earned $0.93 EPS. Adtalem Global Education’s revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal 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.