LPL Financial LLC Makes New $403,000 Investment in Adtalem Global Education Inc. (NYSE:ATGE)

LPL Financial LLC bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,437 shares of the company’s stock, valued at approximately $403,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fox Run Management L.L.C. grew its holdings in shares of Adtalem Global Education by 26.9% during the fourth quarter. Fox Run Management L.L.C. now owns 10,475 shares of the company’s stock worth $952,000 after buying an additional 2,219 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Adtalem Global Education during the 4th quarter valued at about $718,000. Hillsdale Investment Management Inc. raised its holdings in Adtalem Global Education by 0.5% in the 4th quarter. Hillsdale Investment Management Inc. now owns 60,080 shares of the company’s stock valued at $5,458,000 after acquiring an additional 280 shares during the last quarter. American Century Companies Inc. lifted its stake in Adtalem Global Education by 5.4% in the 4th quarter. American Century Companies Inc. now owns 90,341 shares of the company’s stock worth $8,207,000 after purchasing an additional 4,637 shares in the last quarter. Finally, Summit Global Investments acquired a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $856,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction that occurred 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 transaction, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock valued at $1,386,048 over the last quarter. 2.00% of the stock is owned by company insiders.

Adtalem Global Education Stock Up 1.0 %

Shares of NYSE:ATGE opened at $105.46 on Friday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a 12-month low of $48.94 and a 12-month high of $112.44. The business has a 50-day moving average price of $100.66 and a 200 day moving average price of $94.16. 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 announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ATGE. BMO Capital Markets boosted their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Jefferies Financial Group started coverage on shares of Adtalem Global Education in a research note on Wednesday. They set a “buy” rating and a $135.00 target price on the stock. Finally, Barrington Research reiterated an “outperform” rating and issued a $120.00 target price on shares of Adtalem Global Education in a report on Tuesday, April 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $110.00.

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.