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

Intech Investment Management LLC purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,284 shares of the company's stock, valued at approximately $633,000.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. increased 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 during the period. Ariel Investments LLC grew its position in shares of Adtalem Global Education by 11.1% in the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company's stock worth $158,277,000 after buying an additional 306,699 shares during the last quarter. Capital World Investors bought a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $57,787,000. Goldman Sachs Group Inc. grew its position in shares of Adtalem Global Education by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company's stock worth $44,586,000 after buying an additional 90,161 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Adtalem Global Education by 2,360.6% in the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company's stock worth $43,973,000 after buying an additional 618,466 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares of the company's stock, valued at $355,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares of the company's stock, valued at $355,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. The disclosure for this sale can be found here. Insiders have sold 148,440 shares of company stock worth $10,889,450 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

Adtalem Global Education Stock Up 1.4 %

Shares of NYSE ATGE traded up $1.01 during mid-day trading on Friday, hitting $75.22. 200,738 shares of the stock traded hands, compared to its average volume of 488,643. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86. Adtalem Global Education Inc. has a 52 week low of $41.89 and a 52 week high of $80.18. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 0.90 and a beta of 0.95. The stock has a fifty day moving average price of $74.44 and a 200-day moving average price of $64.54.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The company had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. During the same period in the previous year, the company posted $1.03 earnings per share. The firm's revenue was up 12.4% on a year-over-year basis. Research analysts anticipate that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barrington Research reiterated an "outperform" rating and issued a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th. BMO Capital Markets lifted their price objective on Adtalem Global Education from $76.00 to $84.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Finally, StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday.

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.