Algert Global LLC Buys 28,698 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Algert Global LLC raised its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 30.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,511 shares of the company’s stock after buying an additional 28,698 shares during the quarter. Algert Global LLC owned about 0.33% of Adtalem Global Education worth $8,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Mackenzie Financial Corp lifted its stake in Adtalem Global Education by 23.4% in the second quarter. Mackenzie Financial Corp now owns 40,311 shares of the company’s stock valued at $2,750,000 after buying an additional 7,632 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Adtalem Global Education by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock valued at $1,443,000 after purchasing an additional 283 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $1,530,000. Public Sector Pension Investment Board raised its holdings in shares of Adtalem Global Education by 3.0% in the second quarter. Public Sector Pension Investment Board now owns 82,752 shares of the company’s stock valued at $5,645,000 after purchasing an additional 2,419 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Adtalem Global Education by 37.5% in the second quarter. Sei Investments Co. now owns 111,265 shares of the company’s stock valued at $7,589,000 after purchasing an additional 30,336 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of ATGE opened at $75.22 on Friday. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 0.90 and a beta of 0.95. Adtalem Global Education Inc. has a 1-year low of $41.89 and a 1-year high of $80.18. The company’s fifty day simple moving average is $74.41 and its 200 day simple moving average is $64.82. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $409.91 million for the quarter, compared to the consensus estimate of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. On average, research analysts forecast that Adtalem Global Education Inc. will post 5.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Adtalem Global Education news, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,944,426. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education 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 transaction, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,440 shares of company stock worth $10,889,450. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Barrington Research reiterated an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a report on Thursday, August 29th. Finally, StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th.

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.