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

Raymond James Financial Inc. acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,063 shares of the company's stock, valued at approximately $2,368,000. Raymond James Financial Inc. owned approximately 0.07% of Adtalem Global Education at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Arizona State Retirement System increased its position in Adtalem Global Education by 1.0% in 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 in the last quarter. US Bancorp DE increased its holdings in shares of Adtalem Global Education by 4.8% during the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after acquiring an additional 151 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 valued at $133,000 after acquiring an additional 177 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock worth $763,000 after purchasing an additional 200 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after purchasing an additional 231 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE traded up $0.33 during midday trading on Monday, reaching $114.73. The company's stock had a trading volume of 48,629 shares, compared to its average volume of 437,465. The stock has a market capitalization of $4.28 billion, a P/E ratio of 21.34, a PEG ratio of 1.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day moving average price of $101.41 and a 200-day moving average price of $95.51. Adtalem Global Education Inc. has a 12-month low of $59.35 and a 12-month high of $115.16.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (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%. As a group, equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

ATGE has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target for the company. Barrington Research reissued an "outperform" rating and set a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. BMO Capital Markets raised 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. Finally, StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.

Insider Activity at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm's 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 of the company's stock, valued at approximately $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 90 days, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by company insiders.

Adtalem Global Education 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.