Geode Capital Management LLC lowered its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 869,871 shares of the company's stock after selling 14,122 shares during the quarter. Geode Capital Management LLC owned about 2.32% of Adtalem Global Education worth $65,670,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC raised its holdings in shares of Adtalem Global Education by 3.4% in the 2nd quarter. Clear Creek Financial Management LLC now owns 13,378 shares of the company's stock valued at $913,000 after purchasing an additional 441 shares in the last quarter. Calamos Advisors LLC purchased a new position in Adtalem Global Education during the second quarter worth approximately $363,000. Allspring Global Investments Holdings LLC grew its stake in Adtalem Global Education by 111.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 97,511 shares of the company's stock valued at $6,651,000 after acquiring an additional 51,287 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of Adtalem Global Education during the second quarter worth about $402,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Adtalem Global Education during the second quarter valued at approximately $300,000. 98.84% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on ATGE shares. BMO Capital Markets boosted their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Barrington Research upped their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th.
Check Out Our Latest Stock Analysis on Adtalem Global Education
Insider Transactions at Adtalem Global Education
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 shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares of the company's stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company's stock.
Adtalem Global Education Price Performance
Adtalem Global Education stock traded down $1.13 during mid-day trading on Friday, hitting $87.28. 2,115,539 shares of the company were exchanged, compared to its average volume of 462,857. The company has a market capitalization of $3.27 billion, a P/E ratio of 19.97, a PEG ratio of 1.01 and a beta of 0.96. The business's 50 day simple moving average is $84.79 and its two-hundred day simple moving average is $76.44. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $92.93. 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 (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.
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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