Adtalem Global Education Inc. (NYSE:ATGE) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 130.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 33,650 shares of the company’s stock after purchasing an additional 19,026 shares during the period. Victory Capital Management Inc. owned about 0.09% of Adtalem Global Education worth $2,540,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ATGE. Vanguard Group Inc. boosted 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 valued at $227,299,000 after buying an additional 100,705 shares during the period. Lazard Asset Management LLC boosted its position in Adtalem Global Education by 111,288.6% in the 1st quarter. Lazard Asset Management LLC now owns 49,011 shares of the company’s stock valued at $2,518,000 after buying an additional 48,967 shares during the period. Algert Global LLC boosted its position in Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock valued at $8,356,000 after buying an additional 28,698 shares during the period. Sanctuary Advisors LLC purchased a new position in Adtalem Global Education in the 2nd quarter valued at approximately $670,000. Finally, TradeLink Capital LLC purchased a new position in Adtalem Global Education in the 2nd quarter valued at approximately $522,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $90.08 on Friday. The stock has a market cap of $3.38 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.95. The company has a fifty day simple moving average of $78.49 and a 200-day simple moving average of $72.99. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $92.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

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

Wall Street Analyst Weigh In

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

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction 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 approximately $355,888. The trade was a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,944,426. This represents a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 81,110 shares of company stock valued at $6,074,681 over the last ninety days. 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.