Charles Schwab Investment Management Inc. cut its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 573,633 shares of the company's stock after selling 16,386 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.54% of Adtalem Global Education worth $52,115,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of ATGE. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Adtalem Global Education during the third quarter valued at approximately $27,000. R Squared Ltd acquired a new position in shares of Adtalem Global Education during the fourth quarter worth $70,000. Parkside Financial Bank & Trust lifted its position in shares of Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Adtalem Global Education by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.
Analyst Ratings Changes
ATGE has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 6th. BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Barrington Research lifted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st.
View Our Latest Research Report on ATGE
Adtalem Global Education Stock Down 0.1 %
Shares of ATGE traded down $0.07 during midday trading on Monday, hitting $97.25. The company had a trading volume of 409,182 shares, compared to its average volume of 406,089. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 1.05 and a beta of 0.95. The company's 50 day moving average price is $99.81 and its 200 day moving average price is $88.02. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44.
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 for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Insider Activity at Adtalem Global Education
In related news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were 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 owns 16,881 shares of the company's stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company's stock.
Adtalem Global Education Profile
(
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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