LPL Financial LLC Invests $403,000 in Adtalem Global Education Inc. (NYSE:ATGE)

LPL Financial LLC purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,437 shares of the company's stock, valued at approximately $403,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in Adtalem Global Education in the 4th quarter valued at about $35,990,000. Principal Financial Group Inc. raised its holdings in shares of Adtalem Global Education by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock valued at $18,227,000 after purchasing an additional 7,069 shares in the last quarter. Peregrine Asset Advisers Inc. raised its holdings in shares of Adtalem Global Education by 14.2% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company's stock valued at $8,831,000 after purchasing an additional 12,084 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Adtalem Global Education by 1,907.5% during the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock valued at $8,729,000 after purchasing an additional 91,291 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Adtalem Global Education by 5.4% during the fourth quarter. American Century Companies Inc. now owns 90,341 shares of the company's stock valued at $8,207,000 after buying an additional 4,637 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Trading Up 1.0 %

Shares of NYSE:ATGE opened at $105.46 on Friday. The business's 50-day moving average is $100.66 and its 200 day moving average is $94.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a 1 year low of $48.94 and a 1 year high of $112.44. The firm has a market capitalization of $3.93 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now owns 8,032 shares of the company's stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,997 shares of company stock valued at $1,386,048. Insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ATGE shares. Barrington Research reaffirmed an "outperform" rating and set a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday. They set a "buy" rating and a $135.00 price objective for the company. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets increased their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $110.00.

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.

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