Ritholtz Wealth Management Purchases 3,132 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Ritholtz Wealth Management grew its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 17.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,918 shares of the company’s stock after buying an additional 3,132 shares during the quarter. Ritholtz Wealth Management owned approximately 0.06% of Adtalem Global Education worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after buying an additional 100,705 shares during the last quarter. Ariel Investments LLC grew its stake in shares of Adtalem Global Education by 11.1% during the first quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after purchasing an additional 306,699 shares during the last quarter. Pacer Advisors Inc. grew 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 valued at $90,725,000 after purchasing an additional 1,328,462 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Adtalem Global Education by 13.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock valued at $44,586,000 after purchasing an additional 90,161 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after purchasing an additional 618,466 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the sale, the director now directly owns 105,085 shares in the company, valued at approximately $7,576,628.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the sale, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,440 shares of company stock worth $10,889,450. Company insiders own 2.20% of the company’s stock.

Adtalem Global Education Trading Up 1.1 %

Shares of NYSE ATGE opened at $73.29 on Monday. The company’s 50 day simple moving average is $73.47 and its 200 day simple moving average is $66.57. Adtalem Global Education Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $80.18. The firm has a market capitalization of $2.76 billion, a P/E ratio of 27.55, a P/E/G ratio of 0.85 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.09. The company had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. On average, analysts predict that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and set a $90.00 price target on shares of Adtalem Global Education in a research note on Thursday, August 29th. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday.

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.