BNP Paribas Financial Markets Decreases Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

BNP Paribas Financial Markets decreased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 47.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,664 shares of the company's stock after selling 12,376 shares during the period. BNP Paribas Financial Markets' holdings in Adtalem Global Education were worth $1,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in Adtalem Global Education by 81,701.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company's stock valued at $90,725,000 after acquiring an additional 1,328,462 shares during the period. LSV Asset Management increased its position in Adtalem Global Education by 2,360.6% in the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company's stock valued at $43,973,000 after acquiring an additional 618,466 shares during the period. Renaissance Technologies LLC increased its position in Adtalem Global Education by 34.3% in the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company's stock valued at $12,742,000 after acquiring an additional 47,700 shares during the period. Algert Global LLC increased its position in Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company's stock valued at $8,356,000 after acquiring an additional 28,698 shares during the period. Finally, Sei Investments Co. increased its position in Adtalem Global Education by 37.5% in the 2nd quarter. Sei Investments Co. now owns 111,265 shares of the company's stock valued at $7,589,000 after acquiring an additional 30,336 shares during the period. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barrington Research boosted their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted their target price on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly owns 11,659 shares of the company's stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lisa W. Wardell sold 7,292 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares in the company, valued at approximately $7,576,628.50. This represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Adtalem Global Education Trading Up 0.6 %

Shares of ATGE traded up $0.53 during trading hours on Wednesday, hitting $88.80. The company had a trading volume of 233,043 shares, compared to its average volume of 458,062. The firm has a market cap of $3.33 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.03 and a beta of 0.96. The stock's 50 day moving average price is $82.24 and its 200 day moving average price is $75.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. The company had revenue of $417.40 million for the quarter, compared to analysts' expectations of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. Adtalem Global Education's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $0.93 earnings per share. On average, research analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

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.