Everence Capital Management Inc. reduced its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 66.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,280 shares of the company's stock after selling 8,350 shares during the period. Everence Capital Management Inc.'s holdings in Adtalem Global Education were worth $389,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after acquiring an additional 177 shares in the last quarter. Franklin Resources Inc. grew its stake 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 worth $910,000 after purchasing an additional 1,267 shares during the period. Tidal Investments LLC purchased a new position in shares of Adtalem Global Education during the 3rd quarter valued at approximately $201,000. Sanctuary Advisors LLC lifted its stake in shares of Adtalem Global Education by 119.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,587 shares of the company's stock valued at $1,629,000 after purchasing an additional 11,759 shares during the period. Finally, Invst LLC purchased a new stake in Adtalem Global Education during the third quarter worth $205,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Adtalem Global Education Price Performance
Shares of NYSE ATGE traded down $0.89 during trading on Tuesday, hitting $93.76. The company had a trading volume of 505,627 shares, compared to its average volume of 484,705. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The stock has a fifty day simple moving average of $89.19 and a two-hundred day simple moving average of $78.84. 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 fifty-two week low of $43.78 and a fifty-two week high of $97.37.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data 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. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company had revenue of $417.40 million for the quarter, compared to analysts' expectations of $397.48 million. During the same period in the previous year, the firm posted $0.93 EPS. Adtalem Global Education's revenue was up 13.2% compared to the same quarter last year. On average, research analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.
Wall Street Analyst Weigh In
ATGE has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Barrington Research increased their price target 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.
Read Our Latest Stock Report on ATGE
Insider Activity at Adtalem Global Education
In related news, Director William W. Burke sold 4,000 shares of the 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 completion of the sale, the director now owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.
Adtalem Global Education Profile
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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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