Barclays PLC raised its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,669 shares of the company's stock after buying an additional 7,172 shares during the period. Barclays PLC owned about 0.18% of Adtalem Global Education worth $5,031,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. MML Investors Services LLC acquired a new stake in shares of Adtalem Global Education during the third quarter worth $323,000. Wellington Management Group LLP increased its position in shares of Adtalem Global Education by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock worth $75,049,000 after purchasing an additional 6,842 shares during the last quarter. State Street Corp raised its holdings in shares of Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company's stock valued at $115,163,000 after purchasing an additional 23,464 shares during the period. Systematic Financial Management LP bought a new stake in Adtalem Global Education in the third quarter valued at approximately $159,000. Finally, Quantinno Capital Management LP raised its stake in Adtalem Global Education by 4.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company's stock valued at $231,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.
Adtalem Global Education Trading Down 1.3 %
Shares of NYSE:ATGE traded down $1.13 during midday trading on Friday, reaching $87.28. The company's stock had a trading volume of 2,115,539 shares, compared to its average volume of 462,857. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.01 and a beta of 0.96. The firm has a 50 day moving average price of $84.51 and a two-hundred day moving average price of $76.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same quarter last year, the business posted $0.93 EPS. The company's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.
Insider Buying and Selling
In related news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts recently commented on ATGE shares. Barrington Research lifted their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th.
Get Our Latest Research Report on ATGE
About Adtalem Global Education
(
Free Report)
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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