American Century Companies Inc. lifted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,341 shares of the company's stock after buying an additional 4,637 shares during the period. American Century Companies Inc. owned 0.24% of Adtalem Global Education worth $8,207,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in Adtalem Global Education in the fourth quarter valued at approximately $26,000. R Squared Ltd bought a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $70,000. Parkside Financial Bank & Trust boosted its position in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after purchasing an additional 776 shares during the period. Smartleaf Asset Management LLC grew its stake in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after buying an additional 634 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Adtalem Global Education by 13.8% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on ATGE. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, 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.
Get Our Latest Stock Report on Adtalem Global Education
Insider Transactions at Adtalem Global Education
In related news, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now owns 12,844 shares of the company's stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value 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 trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,997 shares of company stock valued at $1,386,048. Company insiders own 2.00% of the company's stock.
Adtalem Global Education Stock Performance
ATGE stock traded up $0.07 during trading on Tuesday, reaching $98.79. 693,607 shares of the company's stock were exchanged, compared to its average volume of 430,529. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.44. The firm has a market cap of $3.68 billion, a PE ratio of 18.40, a P/E/G ratio of 1.05 and a beta of 0.91. The company's fifty day moving average price is $101.04 and its 200-day moving average price is $91.35. 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 (NYSE:ATGE - Get Free Report) last issued 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 expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.
Adtalem Global Education Profile
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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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