USA Financial Formulas Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

USA Financial Formulas acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 282 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors also recently bought and sold shares of the company. Algert Global LLC increased its position in Adtalem Global Education by 30.6% during the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock valued at $8,356,000 after purchasing an additional 28,698 shares during the period. Edgestream Partners L.P. purchased a new position in Adtalem Global Education during the third quarter valued at approximately $2,314,000. State Street Corp raised its stake in Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares in the last quarter. Barclays PLC lifted its holdings in Adtalem Global Education by 12.1% during the third quarter. Barclays PLC now owns 66,669 shares of the company’s stock worth $5,031,000 after buying an additional 7,172 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Adtalem Global Education during the 2nd quarter valued at $670,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Up 1.0 %

Adtalem Global Education stock opened at $98.27 on Friday. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $99.17. The business has a fifty day moving average price of $90.97 and a 200-day moving average price of $80.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Equities research analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets boosted their price target on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barrington Research increased 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 report on Friday. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

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.