Adtalem Global Education Inc. (NYSE:ATGE) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 756,328 shares of the company’s stock after acquiring an additional 90,161 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.93% of Adtalem Global Education worth $44,586,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ATGE. UBS Group AG raised its holdings in shares of Adtalem Global Education by 0.9% in the third quarter. UBS Group AG now owns 64,176 shares of the company’s stock worth $2,750,000 after acquiring an additional 574 shares during the last quarter. Deutsche Bank AG increased its stake in Adtalem Global Education by 11.9% in the third quarter. Deutsche Bank AG now owns 27,583 shares of the company’s stock valued at $1,182,000 after purchasing an additional 2,936 shares during the last quarter. QRG Capital Management Inc. acquired a new position in Adtalem Global Education in the third quarter valued at $216,000. O Shaughnessy Asset Management LLC acquired a new position in Adtalem Global Education in the third quarter valued at $296,000. Finally, Teza Capital Management LLC acquired a new position in Adtalem Global Education in the third quarter valued at $360,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on ATGE shares. Barrington Research upped their target price on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Robert W. Baird boosted their price target on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd.

Insider Transactions at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 946 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $65.75, for a total value of $62,199.50. Following the completion of the sale, the chief accounting officer now owns 6,040 shares of the company’s stock, valued at $397,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

Adtalem Global Education Price Performance

ATGE stock opened at $63.62 on Friday. The stock has a 50-day moving average price of $59.31 and a two-hundred day moving average price of $55.71. Adtalem Global Education Inc. has a 12-month low of $33.59 and a 12-month high of $67.69. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.49. The company has a market cap of $2.39 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 0.87 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The firm had revenue of $412.70 million during the quarter, compared to the consensus estimate of $391.68 million. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, research analysts predict that Adtalem Global Education Inc. will post 4.9 EPS for the current year.

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.