Raymond James Financial Inc. Invests $2.37 Million in Adtalem Global Education Inc. (NYSE:ATGE)

Raymond James Financial Inc. bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the fourth quarter, HoldingsChannel reports. The fund bought 26,063 shares of the company’s stock, valued at approximately $2,368,000.

Other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after buying an additional 110 shares during the period. Aigen Investment Management LP bought a new position in shares of Adtalem Global Education during the fourth quarter valued at about $439,000. Atria Investments Inc boosted its holdings in shares of Adtalem Global Education by 17.8% during the fourth quarter. Atria Investments Inc now owns 5,562 shares of the company’s stock worth $505,000 after purchasing an additional 841 shares during the period. NewSquare Capital LLC grew its stake in shares of Adtalem Global Education by 3.2% in the fourth quarter. NewSquare Capital LLC now owns 74,384 shares of the company’s stock worth $6,758,000 after purchasing an additional 2,319 shares during the last quarter. Finally, Bailard Inc. bought a new stake in shares of Adtalem Global Education in the fourth quarter worth about $379,000. Institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $101.99 on Friday. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.05 and a beta of 0.95. The business’s fifty day simple moving average is $100.80 and its two-hundred day simple moving average is $89.83. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share 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%. Research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barrington Research upped their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets upped their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

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.