Gallacher Capital Management LLC Purchases Shares of 2,572 Adtalem Global Education Inc. (NYSE:ATGE)

Gallacher Capital Management LLC purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,572 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in Adtalem Global Education by 1,907.5% during the 4th quarter. Corient Private Wealth LLC now owns 96,077 shares of the company’s stock valued at $8,729,000 after buying an additional 91,291 shares in the last quarter. Natixis Advisors LLC grew its holdings in Adtalem Global Education by 8.9% during the 4th quarter. Natixis Advisors LLC now owns 11,945 shares of the company’s stock valued at $1,085,000 after buying an additional 978 shares in the last quarter. Vestcor Inc purchased a new position in Adtalem Global Education during the 4th quarter valued at approximately $394,000. Swiss National Bank grew its holdings in Adtalem Global Education by 1.0% during the 4th quarter. Swiss National Bank now owns 74,100 shares of the company’s stock valued at $6,732,000 after buying an additional 700 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Adtalem Global Education during the 4th quarter valued at approximately $5,621,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $97.19 on Monday. Adtalem Global Education Inc. has a 52-week low of $45.18 and a 52-week high of $112.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $3.62 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.05 and a beta of 0.95. The stock has a 50 day moving average price of $99.81 and a 200 day moving average price of $88.02.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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, sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ATGE shares. BMO Capital Markets lifted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Barrington Research lifted their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction 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 completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education 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 sale, the director now directly owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock valued at $1,386,048 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.