Bailard Inc. purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,171 shares of the company's stock, valued at approximately $379,000.
Several other institutional investors have also recently added to or reduced their stakes in ATGE. State Street Corp increased its stake in 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 purchasing an additional 23,464 shares during the last quarter. Wellington Management Group LLP increased its stake in Adtalem Global Education by 0.7% during the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock valued at $75,049,000 after purchasing an additional 6,842 shares during the last quarter. Principal Financial Group Inc. increased its stake in Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock valued at $18,227,000 after purchasing an additional 7,069 shares during the last quarter. Peregrine Asset Advisers Inc. increased its stake in Adtalem Global Education by 14.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company's stock valued at $8,831,000 after purchasing an additional 12,084 shares during the last quarter. Finally, Barclays PLC increased its stake in Adtalem Global Education by 12.1% during the third quarter. Barclays PLC now owns 66,669 shares of the company's stock valued at $5,031,000 after purchasing an additional 7,172 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Donna J. Hrinak sold 4,812 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares of the company's stock, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 over the last 90 days. 2.00% of the stock is currently owned by company insiders.
Adtalem Global Education Stock Performance
Shares of Adtalem Global Education stock traded down $3.04 during trading on Friday, hitting $90.93. 737,492 shares of the stock were exchanged, compared to its average volume of 425,160. The stock has a market cap of $3.39 billion, a PE ratio of 16.93, a P/E/G ratio of 1.05 and a beta of 0.97. The stock's fifty day moving average is $99.60 and its 200 day moving average is $87.02. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday. BMO Capital Markets upped their price target on shares of 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 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.
Check Out Our Latest Stock Report on ATGE
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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