Wellington Management Group LLP lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 845,067 shares of the company's stock after selling 149,225 shares during the quarter. Wellington Management Group LLP owned 2.27% of Adtalem Global Education worth $76,774,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of ATGE. Arizona State Retirement System grew its position in shares of Adtalem Global Education by 1.0% during 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 in the last quarter. Bailard Inc. bought a new stake in Adtalem Global Education in the fourth quarter worth $379,000. Smith Group Asset Management LLC bought a new stake in Adtalem Global Education in the fourth quarter worth $614,000. Y Intercept Hong Kong Ltd bought a new position in shares of Adtalem Global Education during the fourth quarter valued at about $272,000. Finally, State Street Corp raised its stake 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 valued at $115,163,000 after acquiring an additional 23,464 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
Insider Buying and Selling
In other news, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the sale, the director now directly owns 12,844 shares in the company, valued at $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was 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. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 Price Performance
Shares of Adtalem Global Education stock traded down $3.00 during trading hours on Thursday, reaching $103.48. The company's stock had a trading volume of 49,194 shares, compared to its average volume of 431,691. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day moving average price of $101.11 and a 200-day moving average price of $91.66. The stock has a market cap of $3.86 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.05 and a beta of 0.91.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Wall Street Analysts Forecast Growth
ATGE has been the subject of a number of research reports. Barrington Research increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. BMO Capital Markets raised their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.
Read Our Latest Analysis 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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