Crossmark Global Holdings Inc. Invests $219,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Crossmark Global Holdings Inc. acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,908 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Adtalem Global Education by 2.3% in the 1st 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 during the last quarter. Ariel Investments LLC lifted 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 buying an additional 306,699 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Adtalem Global Education by 81,701.2% during the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock worth $90,725,000 after buying an additional 1,328,462 shares during the period. LSV Asset Management increased its position in shares of Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after acquiring an additional 618,466 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Adtalem Global Education by 34.3% in the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock valued at $12,742,000 after acquiring an additional 47,700 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. This represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. This represents a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,110 shares of company stock valued at $6,074,681 over the last 90 days. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ATGE has been the subject of several research reports. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research boosted their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $87.34 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93. The firm has a market cap of $3.27 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. The company’s 50 day moving average is $77.12 and its two-hundred day moving average is $72.32.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the business posted $0.93 earnings per share. Adtalem Global Education’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts expect that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

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.