MML Investors Services LLC Acquires Shares of 4,279 Adtalem Global Education Inc. (NYSE:ATGE)

MML Investors Services LLC bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,279 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds have also recently modified their holdings of the stock. Algert Global LLC boosted its holdings in Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after buying an additional 28,698 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Adtalem Global Education in the third quarter worth approximately $2,314,000. State Street Corp increased its position in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after purchasing an additional 23,464 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Adtalem Global Education in the 2nd quarter valued at $670,000. Finally, TradeLink Capital LLC purchased a new position in Adtalem Global Education in the 2nd quarter valued at $522,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 2.1 %

Shares of ATGE opened at $91.06 on Wednesday. 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 firm has a 50-day moving average price of $85.39 and a 200 day moving average price of $76.86. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $92.93. The firm has a market capitalization of $3.41 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.01 and a beta of 0.96.

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

Insider Activity

In other news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.