Bank of Montreal Can lessened its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 88.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,242 shares of the company's stock after selling 48,252 shares during the quarter. Bank of Montreal Can's holdings in Adtalem Global Education were worth $567,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. MML Investors Services LLC acquired a new stake in shares of Adtalem Global Education in the third quarter valued at approximately $323,000. Barclays PLC grew its holdings in Adtalem Global Education by 12.1% in the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock valued at $5,031,000 after buying an additional 7,172 shares in the last quarter. Invst LLC acquired a new stake in shares of Adtalem Global Education in the 3rd quarter worth $205,000. Tidal Investments LLC purchased a new position in shares of Adtalem Global Education during the 3rd quarter worth $201,000. Finally, Franklin Resources Inc. boosted its position in shares of Adtalem Global Education by 11.7% during the 3rd quarter. Franklin Resources Inc. now owns 12,138 shares of the company's stock valued at $910,000 after acquiring an additional 1,267 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
Analysts Set New Price Targets
ATGE has been the subject of several recent analyst reports. Barrington Research restated an "outperform" rating and set a $120.00 price objective on shares of Adtalem Global Education in a research report on Tuesday, April 15th. BMO Capital Markets raised their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday. They set a "buy" rating and a $135.00 target price for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, Adtalem Global Education currently has a consensus rating of "Buy" and an average target price of $110.00.
Check Out Our Latest Analysis on ATGE
Insider Activity at Adtalem Global Education
In related news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education 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 completion of the transaction, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, 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. Insiders sold 12,997 shares of company stock worth $1,386,048 in the last three months. 2.00% of the stock is owned by company insiders.
Adtalem Global Education Trading Up 2.8 %
Shares of ATGE stock traded up $2.87 during trading hours on Wednesday, hitting $105.01. The company had a trading volume of 592,369 shares, compared to its average volume of 439,775. 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 stock has a market capitalization of $3.91 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company's fifty day moving average is $100.62 and its 200 day moving average is $93.49. Adtalem Global Education Inc. has a fifty-two week low of $46.46 and a fifty-two week high of $112.44.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.
Adtalem Global Education 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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