Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,099 shares of the company's stock after selling 13,596 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of Adtalem Global Education worth $25,084,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. CWA Asset Management Group LLC purchased a new stake in Adtalem Global Education in the 3rd quarter valued at $1,047,000. Atria Investments Inc boosted its position in shares of Adtalem Global Education by 32.6% during the 3rd quarter. Atria Investments Inc now owns 4,721 shares of the company's stock valued at $356,000 after acquiring an additional 1,162 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Adtalem Global Education in the third quarter valued at about $219,000. Peregrine Asset Advisers Inc. raised its stake in Adtalem Global Education by 33.5% during the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company's stock worth $6,425,000 after purchasing an additional 21,373 shares during the period. Finally, Versor Investments LP boosted its holdings in Adtalem Global Education by 50.2% in the 3rd quarter. Versor Investments LP now owns 24,489 shares of the company's stock valued at $1,848,000 after purchasing an additional 8,189 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Trading Down 1.8 %

Shares of NYSE:ATGE traded down $1.75 during mid-day trading on Thursday, reaching $93.52. 359,798 shares of the company were exchanged, compared to its average volume of 407,269. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. The firm's 50-day simple moving average is $99.75 and its 200 day simple moving average is $87.66.

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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 return on equity of 16.82% and a net margin of 12.34%. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insiders Place Their Bets

In related news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The transaction 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 dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now owns 16,881 shares in the company, 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 have sold 12,997 shares of company stock worth $1,386,048 over the last three months. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATGE. 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. Barrington Research lifted their target price 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. Finally, StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 6th.

Adtalem Global Education Profile

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.