Intech Investment Management LLC Grows Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Intech Investment Management LLC boosted its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 94.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,043 shares of the company's stock after buying an additional 8,759 shares during the period. Intech Investment Management LLC's holdings in Adtalem Global Education were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of Adtalem Global Education by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 22,093 shares of the company's stock worth $1,136,000 after buying an additional 1,724 shares in the last quarter. Vanguard Group Inc. lifted its stake in Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company's stock worth $227,299,000 after purchasing an additional 100,705 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Adtalem Global Education by 111,288.6% during the 1st quarter. Lazard Asset Management LLC now owns 49,011 shares of the company's stock valued at $2,518,000 after purchasing an additional 48,967 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Adtalem Global Education by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,639 shares of the company's stock worth $1,627,000 after purchasing an additional 1,197 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Adtalem Global Education in the first quarter worth $53,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE opened at $91.43 on Wednesday. The stock's 50-day moving average is $78.85 and its 200 day moving average is $73.25. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 1.04 and a beta of 0.95. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly 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. The firm had revenue of $417.40 million for the quarter, compared to the consensus estimate 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 was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 19,936 shares of the firm's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $73.82, for a total value of $1,471,675.52. Following the sale, the director now owns 105,085 shares of the company's stock, valued at $7,757,374.70. This trade represents a 15.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have sold 55,529 shares of company stock worth $4,140,946. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

ATGE has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Barrington Research upped their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st.

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.