Jupiter Asset Management Ltd. cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,921 shares of the company's stock after selling 17,872 shares during the period. Jupiter Asset Management Ltd. owned about 0.20% of Adtalem Global Education worth $6,807,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after purchasing an additional 23,464 shares during the last quarter. Wellington Management Group LLP lifted its position in 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 buying an additional 6,842 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Adtalem Global Education by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock worth $18,227,000 after acquiring an additional 7,069 shares during the last quarter. Peregrine Asset Advisers Inc. grew its holdings in Adtalem Global Education by 14.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company's stock worth $8,831,000 after acquiring an additional 12,084 shares during the last quarter. Finally, NewSquare Capital LLC increased its position in Adtalem Global Education by 3.2% in the 4th quarter. NewSquare Capital LLC now owns 74,384 shares of the company's stock valued at $6,758,000 after acquiring an additional 2,319 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Adtalem Global Education Trading Up 3.9 %
Shares of NYSE:ATGE traded up $3.68 during trading on Friday, hitting $97.19. 713,652 shares of the company's stock were exchanged, compared to its average volume of 408,645. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.62 billion, a P/E ratio of 18.10, a PEG ratio of 1.05 and a beta of 0.95. The firm has a 50-day moving average price of $99.81 and a two-hundred day moving average price of $87.85. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.44.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
Wall Street Analyst Weigh In
ATGE has been the topic of a number of research reports. Barrington Research upped their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 6th. Finally, BMO Capital Markets lifted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd.
View Our Latest Stock Report on ATGE
Insider Buying and Selling
In related news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now directly owns 8,032 shares in the company, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock valued at $1,386,048 over the last three months. Company insiders own 2.00% of the company's stock.
Adtalem Global Education Company 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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