Victory Capital Management Inc. Has $2.54 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Victory Capital Management Inc. lifted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 130.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,650 shares of the company's stock after purchasing an additional 19,026 shares during the period. Victory Capital Management Inc. owned 0.09% of Adtalem Global Education worth $2,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ATGE. Covestor Ltd increased its holdings in shares of Adtalem Global Education by 7,430.0% in the first quarter. Covestor Ltd now owns 753 shares of the company's stock valued at $38,000 after purchasing an additional 743 shares during the last quarter. Quarry LP acquired a new position in Adtalem Global Education in the 2nd quarter valued at about $43,000. DekaBank Deutsche Girozentrale bought a new position in Adtalem Global Education in the 1st quarter valued at about $53,000. GAMMA Investing LLC lifted its position in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after acquiring an additional 433 shares during the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of Adtalem Global Education during the second quarter worth approximately $142,000. 98.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased 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. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Barrington Research lifted their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th.

Insiders Place Their Bets

In related news, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total transaction of $525,753.20. Following the sale, the director now directly owns 105,085 shares of the company's stock, valued at approximately $7,576,628.50. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares of the company's stock, valued at approximately $355,888. The trade was a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,110 shares of company stock worth $6,074,681 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded up $1.26 during midday trading on Friday, reaching $90.08. The company's stock had a trading volume of 337,331 shares, compared to its average volume of 473,969. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $3.38 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.01 and a beta of 0.95. The business's 50 day moving average price is $78.49 and its two-hundred day moving average price is $73.05. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same period in the prior year, the company posted $0.93 EPS. The company's revenue was up 13.2% compared to the same quarter last year. On average, analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS 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.