Adtalem Global Education Inc. (NYSE:ATGE) Stock Holdings Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its position in Adtalem Global Education Inc. (NYSE:ATGE) by 4.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,575 shares of the company’s stock after purchasing an additional 347 shares during the period. Janney Montgomery Scott LLC’s holdings in Adtalem Global Education were worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ritholtz Wealth Management grew its stake in shares of Adtalem Global Education by 1.6% in the 4th quarter. Ritholtz Wealth Management now owns 21,247 shares of the company’s stock valued at $1,930,000 after buying an additional 329 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $26,000. CWA Asset Management Group LLC boosted its holdings in Adtalem Global Education by 22.2% during the fourth quarter. CWA Asset Management Group LLC now owns 16,958 shares of the company’s stock valued at $1,541,000 after purchasing an additional 3,081 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after purchasing an additional 177 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Adtalem Global Education by 11.7% during the third quarter. Franklin Resources Inc. now owns 12,138 shares of the company’s stock worth $910,000 after buying an additional 1,267 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday. 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. Finally, Barrington Research boosted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st.

Adtalem Global Education Stock Down 0.9 %

ATGE stock opened at $109.10 on Friday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.15 and a beta of 0.97. Adtalem Global Education Inc. has a fifty-two week low of $45.16 and a fifty-two week high of $112.43. The business has a 50-day moving average of $94.68 and a 200-day moving average of $83.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 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.