30,657 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 30,657 shares of the company's stock, valued at approximately $2,314,000. Edgestream Partners L.P. owned about 0.08% of Adtalem Global Education as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ATGE. 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 period. Sanctuary Advisors LLC purchased a new position in shares of Adtalem Global Education in the second quarter valued at $670,000. TradeLink Capital LLC bought a new stake in shares of Adtalem Global Education during the 2nd quarter valued at $522,000. Victory Capital Management Inc. lifted its holdings in Adtalem Global Education by 130.1% during the 3rd quarter. Victory Capital Management Inc. now owns 33,650 shares of the company's stock worth $2,540,000 after purchasing an additional 19,026 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. bought a new position in Adtalem Global Education in the 2nd quarter worth about $4,348,000. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 11,659 shares of the company's stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,228 shares of company stock worth $2,358,989 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded down $0.77 during midday trading on Tuesday, hitting $90.80. 234,904 shares of the company's stock were exchanged, compared to its average volume of 461,886. The business's fifty day moving average price is $80.47 and its two-hundred day moving average price is $74.15. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 1.04 and a beta of 0.96. 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 Inc. has a 12-month low of $43.78 and a 12-month high of $92.93.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping 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 firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, research analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

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.