CWA Asset Management Group LLC Makes New Investment in Adtalem Global Education Inc. (NYSE:ATGE)

CWA Asset Management Group LLC purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,877 shares of the company's stock, valued at approximately $1,047,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in shares of Adtalem Global Education by 133.8% in the first quarter. BNP Paribas Financial Markets now owns 47,394 shares of the company's stock worth $2,436,000 after purchasing an additional 27,124 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Adtalem Global Education in the first quarter valued at about $565,000. Vanguard Group Inc. grew its stake in shares of Adtalem Global Education by 2.3% in the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company's stock valued at $227,299,000 after acquiring an additional 100,705 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Adtalem Global Education by 111,288.6% in the first quarter. Lazard Asset Management LLC now owns 49,011 shares of the company's stock valued at $2,518,000 after acquiring an additional 48,967 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of Adtalem Global Education by 30.6% in the second quarter. Algert Global LLC now owns 122,511 shares of the company's stock valued at $8,356,000 after acquiring an additional 28,698 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

Shares of ATGE traded down $0.29 during mid-day trading on Monday, reaching $90.94. The company had a trading volume of 197,691 shares, compared to its average volume of 467,962. The company's 50 day simple moving average is $75.23 and its 200 day simple moving average is $70.71. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93. 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 capitalization of $3.41 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.03 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly 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 net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same period last year, the company posted $0.93 EPS. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Analysts expect that Adtalem Global Education Inc. will post 5.9 EPS for the current year.

Insider Activity

In related news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education 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 sale, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 28,301 shares of the firm's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the completion of the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,959,137.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the transaction, the chief accounting officer now owns 4,720 shares of the company's stock, valued at approximately $355,888. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,110 shares of company stock worth $6,074,681. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ATGE shares. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Barrington Research increased 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 note on Wednesday, October 30th.

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.