Boston Partners bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 390,950 shares of the company's stock, valued at approximately $35,990,000. Boston Partners owned approximately 1.05% of Adtalem Global Education as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System increased its stake in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after buying an additional 110 shares during the period. Edgestream Partners L.P. purchased a new stake in Adtalem Global Education during the third quarter worth about $2,314,000. Bailard Inc. purchased a new position in Adtalem Global Education in the fourth quarter valued at about $379,000. Smith Group Asset Management LLC purchased a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $614,000. Finally, State Street Corp raised its holdings 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 worth $115,163,000 after purchasing an additional 23,464 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Adtalem Global Education
In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the stock in a transaction 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 sale, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,997 shares of company stock valued at $1,386,048. Insiders own 2.00% of the company's stock.
Analyst Upgrades and Downgrades
ATGE has been the topic of several recent research reports. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. StockNews.com lowered 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 lifted 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 note on Friday, January 31st.
Get Our Latest Research Report on ATGE
Adtalem Global Education Stock Up 4.6 %
Shares of ATGE traded up $4.50 during midday trading on Monday, reaching $103.31. 326,120 shares of the company were exchanged, compared to its average volume of 407,792. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.44. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.05 and a beta of 0.95. The stock has a 50-day moving average price of $100.24 and a 200-day moving average price of $88.84.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results 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%. Research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
About Adtalem Global Education
(
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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