Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 19.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,895 shares of the company’s stock after acquiring an additional 1,105 shares during the quarter. Cerity Partners LLC’s holdings in Adtalem Global Education were worth $520,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ATGE. Citigroup Inc. raised its position in shares of Adtalem Global Education by 61.0% during the 3rd quarter. Citigroup Inc. now owns 51,039 shares of the company’s stock worth $3,852,000 after purchasing an additional 19,337 shares during the period. Intech Investment Management LLC increased its position in Adtalem Global Education by 94.3% in the third quarter. Intech Investment Management LLC now owns 18,043 shares of the company’s stock worth $1,362,000 after buying an additional 8,759 shares during the period. Meeder Asset Management Inc. acquired a new stake in Adtalem Global Education in the third quarter worth $27,000. Quest Partners LLC lifted its stake in Adtalem Global Education by 173.4% in the third quarter. Quest Partners LLC now owns 14,204 shares of the company’s stock valued at $1,072,000 after buying an additional 9,008 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new position in shares of Adtalem Global Education during the third quarter valued at $828,000. Institutional investors own 98.84% of the company’s stock.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $72.10, for a total transaction of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William W. Burke sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $91.20 on Friday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Adtalem Global Education Inc. has a 12 month low of $43.78 and a 12 month high of $92.93. The stock’s 50 day moving average price is $81.73 and its 200 day moving average price is $74.81.

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

Analysts Set New Price Targets

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

Adtalem Global Education 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.