PNC Financial Services Group Inc. decreased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 82.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,366 shares of the company's stock after selling 10,894 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Adtalem Global Education were worth $215,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System grew its stake in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after purchasing an additional 110 shares during the period. Edgestream Partners L.P. bought a new position in Adtalem Global Education during the third quarter valued at about $2,314,000. Bailard Inc. bought a new position in Adtalem Global Education during the fourth quarter valued at about $379,000. Smith Group Asset Management LLC purchased a new stake in Adtalem Global Education during the fourth quarter worth about $614,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Adtalem Global Education in the fourth quarter worth about $272,000. Hedge funds and other institutional investors own 98.84% of the company's stock.
Adtalem Global Education Stock Performance
Shares of NYSE ATGE traded up $1.46 during midday trading on Thursday, hitting $102.74. The company's stock had a trading volume of 290,176 shares, compared to its average volume of 407,388. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.05 and a beta of 0.95. 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 stock has a fifty day moving average price of $100.62 and a 200 day moving average price of $89.37. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating 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%. On average, research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.
Insider Activity
In related news, insider Michael Betz sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares of the company's stock, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets raised their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Finally, Barrington Research upped their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, January 31st.
Read 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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