2,908 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the third quarter, HoldingsChannel.com reports. The firm acquired 2,908 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATGE. Pacer Advisors Inc. boosted its stake in shares of Adtalem Global Education by 81,701.2% during the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock worth $90,725,000 after buying an additional 1,328,462 shares during the period. LSV Asset Management raised its stake in Adtalem Global Education by 2,360.6% during the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after acquiring an additional 618,466 shares during the last quarter. Ariel Investments LLC raised its stake in Adtalem Global Education by 11.1% during the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after acquiring an additional 306,699 shares during the last quarter. Vanguard Group Inc. lifted its position in Adtalem Global Education by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after acquiring an additional 100,705 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after purchasing an additional 65,945 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ATGE has been the subject of several analyst reports. BMO Capital Markets upped their price target on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research lifted their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Adtalem Global Education Stock Up 0.2 %

Adtalem Global Education stock opened at $87.34 on Tuesday. The stock’s 50 day moving average price is $77.12 and its 200 day moving average price is $72.32. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93. The company has a market cap of $3.27 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94.

Adtalem Global Education (NYSE:ATGE) last posted 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 net margin of 10.55% and a return on equity of 15.63%. The business had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. During the same period in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Activity

In other news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at $355,888. The trade was a 16.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 28,301 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at $7,959,137.90. This represents a 21.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 81,110 shares of company stock worth $6,074,681. Company insiders own 2.00% of the company’s stock.

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.