Ritholtz Wealth Management Has $1.93 Million Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Ritholtz Wealth Management boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,247 shares of the company’s stock after buying an additional 329 shares during the period. Ritholtz Wealth Management owned approximately 0.06% of Adtalem Global Education worth $1,930,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education in the fourth quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Adtalem Global Education in the third quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Adtalem Global Education in the second quarter valued at about $43,000. GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 60.1% in the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after purchasing an additional 483 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Adtalem Global Education in the third quarter valued at about $123,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ATGE. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barrington Research raised their price objective on shares of Adtalem Global Education from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday. Finally, StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Insiders Place Their Bets

In related news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $98.27 on Friday. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $99.17. The company has a 50-day simple moving average of $90.97 and a 200 day simple moving average of $80.37. 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 company has a market capitalization of $3.68 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96.

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

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.