Caprock Group LLC Makes New Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Caprock Group LLC purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,813 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors also recently added to or reduced their stakes in ATGE. Capital World Investors bought a new position in Adtalem Global Education in the 4th quarter worth approximately $57,787,000. Ariel Investments LLC increased its position in Adtalem Global Education by 11.1% in the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock worth $158,277,000 after buying an additional 306,699 shares during the period. Norges Bank bought a new position in Adtalem Global Education in the 4th quarter worth approximately $9,656,000. Bridgewater Associates LP increased its position in Adtalem Global Education by 125.3% in the 4th quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock worth $13,369,000 after buying an additional 126,114 shares during the period. Finally, Vanguard Group Inc. increased its position in Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after buying an additional 100,705 shares during the period. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 28,301 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,959,137.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 28,301 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,959,137.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,576,628.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,440 shares of company stock valued at $10,889,450. Company insiders own 2.20% of the company’s stock.

Adtalem Global Education Trading Up 1.1 %

ATGE stock opened at $72.86 on Friday. The company has a market cap of $2.75 billion, a P/E ratio of 27.39, a PEG ratio of 0.83 and a beta of 0.95. Adtalem Global Education Inc. has a twelve month low of $41.89 and a twelve month 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. The business has a fifty day moving average of $73.97 and a 200-day moving average of $62.90.

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

Analyst Ratings Changes

Several analysts have recently weighed in on ATGE shares. Barrington Research reissued an “outperform” rating and set a $90.00 price objective on shares of Adtalem Global Education in a report on Thursday, August 29th. BMO Capital Markets lifted their price objective on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th.

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.