Franklin Resources Inc. Buys 1,267 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Franklin Resources Inc. raised its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 11.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,138 shares of the company’s stock after acquiring an additional 1,267 shares during the period. Franklin Resources Inc.’s holdings in Adtalem Global Education were worth $910,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ATGE. Quantinno Capital Management LP raised its stake in Adtalem Global Education by 4.3% in the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after purchasing an additional 126 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock worth $994,000 after acquiring an additional 192 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Adtalem Global Education by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after acquiring an additional 283 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Adtalem Global Education during the third quarter valued at approximately $27,000. Finally, Clear Creek Financial Management LLC lifted its stake in Adtalem Global Education by 3.3% during the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock worth $1,043,000 after purchasing an additional 439 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research increased their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target 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.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $90.87 on Friday. The company has a market capitalization of $3.41 billion, a PE ratio of 20.79, a P/E/G ratio of 1.01 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $86.44 and a two-hundred day moving average price of $77.34. Adtalem Global Education Inc. has a 12 month low of $43.78 and a 12 month high of $92.93.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate 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 business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same period last year, the company earned $0.93 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Adtalem Global Education Inc. will post 5.89 EPS for the current 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.