22,435 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Acquired by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,435 shares of the company’s stock, valued at approximately $1,530,000. Marshall Wace LLP owned about 0.06% of Adtalem Global Education at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital World Investors acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $57,787,000. CenterBook Partners LP acquired a new stake in Adtalem Global Education during the 4th quarter worth approximately $603,000. Intrinsic Edge Capital Management LLC boosted its stake in Adtalem Global Education by 26.6% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 310,078 shares of the company’s stock valued at $18,279,000 after purchasing an additional 65,201 shares during the period. Bridgewater Associates LP grew its holdings in Adtalem Global Education by 125.3% in the 4th quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock valued at $13,369,000 after buying an additional 126,114 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Adtalem Global Education during the 4th quarter worth $585,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

ATGE has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price 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. Barrington Research reissued an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a report on Thursday, August 29th. Finally, StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Lisa W. Wardell sold 7,292 shares of the 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 owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 in the company, valued at $355,888. 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 over the last three months. Insiders own 2.20% of the company’s stock.

Adtalem Global Education Stock Up 1.6 %

Shares of NYSE ATGE opened at $73.10 on Friday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 27.48, a PEG ratio of 0.90 and a beta of 0.95. The stock’s fifty day moving average is $73.95 and its 200 day moving average is $65.57. Adtalem Global Education Inc. has a 52 week low of $41.89 and a 52 week high of $80.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. 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 firm earned $1.03 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. Sell-side analysts forecast that Adtalem Global Education Inc. will post 5.72 earnings per share for the current fiscal 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.