282 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by USA Financial Formulas

USA Financial Formulas purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 282 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also made changes to their positions in the business. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education during the third quarter worth $27,000. Quarry LP bought a new position in shares of Adtalem Global Education during the 2nd quarter valued at about $43,000. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 60.1% during the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after purchasing an additional 483 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education in the third quarter worth about $123,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Adtalem Global Education in the third quarter worth about $159,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $98.27 on Friday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. 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 stock has a 50 day moving average price of $90.97 and a 200-day moving average price of $80.28. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $99.17.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data 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. The business had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 earnings per share. Equities analysts expect that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research upped their price target on shares of Adtalem Global Education from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets lifted 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.

Insider Buying and Selling

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

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.