Bridgewater Associates LP lessened its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 27.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,858 shares of the company's stock after selling 41,113 shares during the period. Bridgewater Associates LP owned about 0.29% of Adtalem Global Education worth $8,217,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Adtalem Global Education in the 3rd quarter worth $27,000. Quarry LP purchased a new position in shares of Adtalem Global Education in the 2nd quarter worth $43,000. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after buying an additional 433 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Adtalem Global Education in the 1st quarter worth $53,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Adtalem Global Education in the 3rd quarter worth $123,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Adtalem Global Education Stock Up 0.7 %
NYSE ATGE traded up $0.66 during trading hours on Friday, hitting $91.41. The company had a trading volume of 201,996 shares, compared to its average volume of 462,612. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The firm's 50 day moving average is $79.87 and its 200 day moving average is $73.67.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company's 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. Sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction dated 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 transaction, the director now directly owns 105,085 shares in the company, valued at approximately $7,576,628.50. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Barrington Research increased their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.
Read Our Latest Analysis on Adtalem Global Education
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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