Strs Ohio decreased its stake in Adtalem Global Education Inc. (NYSE:ATGE – Get Rating) by 45.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the company’s stock after selling 7,600 shares during the quarter. Strs Ohio’s holdings in Adtalem Global Education were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.
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Several other hedge funds have also recently added to or reduced their stakes in ATGE. USA Financial Portformulas Corp acquired a new stake in shares of Adtalem Global Education during the third quarter worth about $34,000. Nisa Investment Advisors LLC raised its holdings in Adtalem Global Education by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company’s stock worth $38,000 after buying an additional 525 shares during the period. US Bancorp DE lifted its stake in Adtalem Global Education by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock valued at $53,000 after buying an additional 775 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Adtalem Global Education in the second quarter valued at approximately $68,000. Finally, GHE LLC acquired a new position in shares of Adtalem Global Education in the second quarter valued at approximately $77,000.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 6th. Barrington Research upped their price target on shares of Adtalem Global Education from $46.00 to $48.00 in a report on Friday, November 4th. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $44.00 to $46.00 and gave the company a “market perform” rating in a report on Monday, November 7th. Finally, TheStreet cut shares of Adtalem Global Education from a “b-” rating to a “c+” rating in a report on Thursday, December 29th.
Insiders Place Their Bets
In other Adtalem Global Education news, CMO Maurice Herrera sold 2,800 shares of the company’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $36.85, for a total transaction of $103,180.00. Following the sale, the chief marketing officer now directly owns 27,606 shares of the company’s stock, valued at $1,017,281.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Adtalem Global Education news, CMO Maurice Herrera sold 2,800 shares of the company’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $36.85, for a total transaction of $103,180.00. Following the sale, the chief marketing officer now directly owns 27,606 shares of the company’s stock, valued at $1,017,281.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa W. Wardell sold 30,564 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $43.17, for a total transaction of $1,319,447.88. Following the sale, the director now directly owns 319,974 shares in the company, valued at $13,813,277.58. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Adtalem Global Education Stock Performance
Shares of ATGE stock opened at $36.69 on Friday. The company’s fifty day simple moving average is $38.05 and its 200-day simple moving average is $38.39. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.49. The firm has a market cap of $1.67 billion, a PE ratio of 4.78, a P/E/G ratio of 0.62 and a beta of 1.02. Adtalem Global Education Inc. has a 12 month low of $19.14 and a 12 month high of $44.40.
Adtalem Global Education (NYSE:ATGE – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.17. Adtalem Global Education had a net margin of 26.01% and a return on equity of 12.53%. The business had revenue of $354.56 million for the quarter, compared to analyst estimates of $353.41 million. During the same quarter in the previous year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. Equities research analysts expect that Adtalem Global Education Inc. will post 4.04 EPS for the current fiscal year.
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.
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