Ritholtz Wealth Management Acquires 3,132 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Ritholtz Wealth Management boosted its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,918 shares of the company’s stock after purchasing an additional 3,132 shares during the period. Ritholtz Wealth Management’s holdings in Adtalem Global Education were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ATGE. Pacer Advisors Inc. grew its position in Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after purchasing an additional 1,328,462 shares in the last quarter. LSV Asset Management grew its position in Adtalem Global Education by 2,360.6% in the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after purchasing an additional 618,466 shares in the last quarter. Ariel Investments LLC grew its position in Adtalem Global Education by 11.1% in the first quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after purchasing an additional 306,699 shares in the last quarter. Vanguard Group Inc. grew its position in Adtalem Global Education by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after purchasing an additional 100,705 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Adtalem Global Education by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock valued at $44,586,000 after acquiring an additional 90,161 shares during the period. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $73.29 on Monday. The firm has a 50-day moving average of $73.47 and a 200-day moving average of $66.57. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $2.76 billion, a PE ratio of 27.55, a P/E/G ratio of 0.85 and a beta of 0.95. Adtalem Global Education Inc. has a 52-week low of $41.89 and a 52-week high of $80.18.

Adtalem Global Education (NYSE:ATGE) last posted its 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. The company had revenue of $409.91 million during 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%. Adtalem Global Education’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Insiders Place Their Bets

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction dated 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 $355,888. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education 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 sale, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at approximately $355,888. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction that occurred 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 sale, the director now directly owns 105,085 shares in the company, valued at $7,944,426. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,440 shares of company stock worth $10,889,450 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATGE. 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 research report on Thursday, August 8th. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Barrington Research reissued an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th.

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.