Raymond James Financial Inc. Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

Raymond James Financial Inc. purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,063 shares of the company's stock, valued at approximately $2,368,000. Raymond James Financial Inc. owned approximately 0.07% of Adtalem Global Education as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in ATGE. Arizona State Retirement System increased its stake in shares of Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after purchasing an additional 110 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company's stock valued at $231,000 after acquiring an additional 126 shares during the last quarter. US Bancorp DE lifted its position in shares of Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after acquiring an additional 151 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after acquiring an additional 177 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in shares of Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock worth $994,000 after purchasing an additional 192 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ATGE. Barrington Research lifted their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets boosted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd.

Insider Transactions at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated 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. This represents a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now owns 16,881 shares of the company's stock, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 over the last ninety days. Company insiders own 2.00% of the company's stock.

Adtalem Global Education Trading Up 4.0 %

ATGE stock traded up $4.12 during trading on Wednesday, reaching $106.09. 482,911 shares of the stock were exchanged, compared to its average volume of 425,344. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.05 and a beta of 0.95. The business has a 50 day moving average price of $101.04 and a 200-day moving average price of $90.48. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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 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.