Gladstone Institutional Advisory LLC Invests $516,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Gladstone Institutional Advisory LLC purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,683 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds have also bought and sold shares of ATGE. State Street Corp raised its position in shares of Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after purchasing an additional 23,464 shares during the last quarter. Wellington Management Group LLP raised its holdings in Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock worth $75,049,000 after buying an additional 6,842 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Adtalem Global Education by 4.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after buying an additional 4,246 shares during the last quarter. Peregrine Asset Advisers Inc. grew its holdings in shares of Adtalem Global Education by 33.5% during the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock valued at $6,425,000 after buying an additional 21,373 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Adtalem Global Education by 511.9% during the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after acquiring an additional 65,945 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 0.1 %

Shares of Adtalem Global Education stock opened at $103.44 on Friday. The stock has a market capitalization of $3.85 billion, a PE ratio of 19.26, a P/E/G ratio of 1.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The company’s fifty day simple moving average is $96.37 and its 200-day simple moving average is $84.41. Adtalem Global Education Inc. has a 1-year low of $45.16 and a 1-year high of $112.43.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATGE has been the subject of several recent analyst reports. BMO Capital Markets upped their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research increased their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

Insider Activity

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,185 shares of company stock worth $1,250,721 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.