Adtalem Global Education Inc. (NYSE:ATGE) Holdings Raised by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 23.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,311 shares of the company’s stock after buying an additional 7,632 shares during the period. Mackenzie Financial Corp owned 0.11% of Adtalem Global Education worth $2,750,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ATGE. Covestor Ltd raised its stake in shares of Adtalem Global Education by 7,430.0% in the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after buying an additional 743 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education in the 1st quarter valued at about $53,000. GAMMA Investing LLC lifted its holdings in Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after acquiring an additional 433 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Adtalem Global Education in the 1st quarter worth approximately $56,000. Finally, Gladius Capital Management LP bought 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 Buying and Selling

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the sale, 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 at this hyperlink. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares in the company, valued at approximately $355,888. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the director now directly owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,440 shares of company stock valued at $10,889,450. Corporate insiders own 2.20% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $73.70 on Thursday. The company has a 50-day moving average of $74.17 and a two-hundred day moving average of $65.36. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 0.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. Adtalem Global Education Inc. has a one year low of $41.89 and a one year high of $80.18.

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

Analyst Ratings Changes

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

Adtalem Global Education Company 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.