Raymond James Financial Inc. Makes New Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Raymond James Financial Inc. acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,063 shares of the company’s stock, valued at approximately $2,368,000. Raymond James Financial Inc. owned about 0.07% of Adtalem Global Education as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new position in shares of Adtalem Global Education in the fourth quarter valued at approximately $26,000. R Squared Ltd bought a new stake in Adtalem Global Education in the 4th quarter valued at $70,000. Parkside Financial Bank & Trust grew its holdings in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after buying an additional 776 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after buying an additional 634 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after buying an additional 177 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now directly owns 8,032 shares in the company, valued at $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,997 shares of company stock worth $1,386,048. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Trading Down 0.9 %

NYSE:ATGE opened at $101.99 on Friday. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s fifty day moving average is $100.80 and its 200-day moving average is $89.83. The firm has a market cap of $3.80 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of analyst reports. Barrington Research lifted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. BMO Capital Markets raised their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th.

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.