LPL Financial LLC Acquires New Shares in Adtalem Global Education Inc. (NYSE:ATGE)

LPL Financial LLC acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,437 shares of the company's stock, valued at approximately $403,000.

Several other hedge funds have also added to or reduced their stakes in ATGE. Barclays PLC lifted its stake in shares of Adtalem Global Education by 12.1% in the third quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after acquiring an additional 7,172 shares during the period. Invst LLC acquired a new position in shares of Adtalem Global Education in the 3rd quarter worth approximately $205,000. Tidal Investments LLC acquired a new position in shares of Adtalem Global Education in the 3rd quarter worth approximately $201,000. Franklin Resources Inc. boosted its stake in shares of Adtalem Global Education by 11.7% in the 3rd quarter. Franklin Resources Inc. now owns 12,138 shares of the company's stock valued at $910,000 after purchasing an additional 1,267 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after buying an additional 177 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now owns 8,032 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this link. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares of the company's stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 in the last ninety days. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Jefferies Financial Group started coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target on the stock. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Barrington Research reiterated an "outperform" rating and set a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $110.00.

Adtalem Global Education Stock Up 2.7 %

ATGE stock traded up $2.88 during trading on Thursday, reaching $109.08. The stock had a trading volume of 228,270 shares, compared to its average volume of 439,540. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a one year low of $48.94 and a one year high of $112.44. The company's 50 day moving average is $100.89 and its two-hundred day moving average is $94.72.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.