Adtalem Global Education Inc. (NYSE:ATGE) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 16.4% in the second quarter, HoldingsChannel.com reports. The fund owned 17,786 shares of the company’s stock after buying an additional 2,506 shares during the quarter. Ritholtz Wealth Management’s holdings in Adtalem Global Education were worth $1,213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ATGE. Covestor Ltd increased its stake in shares of Adtalem Global Education by 7,430.0% during the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after purchasing an additional 743 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education during the 1st quarter valued at $53,000. GAMMA Investing LLC increased its position in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Adtalem Global Education in the first quarter worth $56,000. Finally, Gladius Capital Management LP purchased 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.

Analyst Ratings Changes

A number of research firms recently commented on ATGE. Barrington Research reiterated an “outperform” rating and set a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

Insider Buying and Selling

In related news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at $355,888. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on 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 owns 4,720 shares in the company, valued at $355,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the sale, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,911 shares of company stock valued at $6,748,503. Insiders own 2.20% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $75.71 on Tuesday. The company has a market cap of $2.85 billion, a P/E ratio of 28.46, a P/E/G ratio of 0.88 and a beta of 0.97. The business has a fifty day simple moving average of $73.18 and a 200-day simple moving average of $61.54. Adtalem Global Education Inc. has a 52 week low of $41.89 and a 52 week high of $80.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. During the same period last year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts forecast that Adtalem Global Education Inc. will post 5.72 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.