Citigroup Inc. Has $3.85 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Citigroup Inc. boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 61.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,039 shares of the company's stock after buying an additional 19,337 shares during the period. Citigroup Inc. owned 0.14% of Adtalem Global Education worth $3,852,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Adtalem Global Education by 81,701.2% during the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company's stock valued at $90,725,000 after purchasing an additional 1,328,462 shares during the period. LSV Asset Management increased its holdings in shares of Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company's stock valued at $43,973,000 after purchasing an additional 618,466 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Adtalem Global Education by 34.3% during the second quarter. Renaissance Technologies LLC now owns 186,800 shares of the company's stock valued at $12,742,000 after purchasing an additional 47,700 shares during the period. Algert Global LLC increased its holdings in shares of Adtalem Global Education by 30.6% during the second quarter. Algert Global LLC now owns 122,511 shares of the company's stock valued at $8,356,000 after purchasing an additional 28,698 shares during the period. Finally, Sei Investments Co. boosted its stake in Adtalem Global Education by 37.5% during the second quarter. Sei Investments Co. now owns 111,265 shares of the company's stock valued at $7,589,000 after buying an additional 30,336 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 ATGE stock traded up $0.84 during trading on Wednesday, reaching $91.64. The company had a trading volume of 318,325 shares, compared to its average volume of 461,272. The firm's 50 day simple moving average is $80.74 and its two-hundred day simple moving average is $74.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93. The company has a market capitalization of $3.44 billion, a PE ratio of 20.78, a PEG ratio of 1.04 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. Sell-side analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

ATGE has been the subject of several research reports. BMO Capital Markets raised their target price on Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Barrington Research raised their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the sale, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.