Pacer Advisors Inc. Boosts Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Pacer Advisors Inc. boosted its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 81,701.2% during the 2nd quarter, Holdings Channel reports. The firm owned 1,330,088 shares of the company’s stock after acquiring an additional 1,328,462 shares during the period. Pacer Advisors Inc.’s holdings in Adtalem Global Education were worth $90,725,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ATGE. Covestor Ltd boosted its position in Adtalem Global Education by 7,430.0% in the first quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after purchasing an additional 743 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education in the first quarter valued at $53,000. GAMMA Investing LLC raised its stake 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 buying an additional 433 shares during the period. Headlands Technologies LLC bought a new stake in shares of Adtalem Global Education in the first quarter valued at $56,000. Finally, Gladius Capital Management LP bought a new stake in shares of Adtalem Global Education in the second quarter valued at $142,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several research reports. BMO Capital Markets boosted their target price on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Barrington Research restated an “outperform” rating and issued a $90.00 target price on shares of Adtalem Global Education in a research note on Thursday, August 29th. Finally, StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $75.30 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86. Adtalem Global Education Inc. has a 52-week low of $41.89 and a 52-week high of $80.18. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 0.83 and a beta of 0.95. The business’s fifty day moving average is $74.52 and its 200 day moving average is $63.89.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The company had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts predict that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Insider Activity at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now directly owns 94,804 shares in the company, valued at approximately $6,779,434.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at approximately $355,888. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the transaction, the director now owns 94,804 shares in the company, valued at $6,779,434.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is owned by company insiders.

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.