FMR LLC cut its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 428,745 shares of the company's stock after selling 328,142 shares during the period. FMR LLC owned 1.14% of Adtalem Global Education worth $32,362,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in ATGE. Algert Global LLC boosted its position in shares of Adtalem Global Education by 30.6% in the second 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. Sanctuary Advisors LLC acquired a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $670,000. TradeLink Capital LLC bought a new position in shares of Adtalem Global Education during the second quarter worth approximately $522,000. Victory Capital Management Inc. raised its position in shares of Adtalem Global Education by 130.1% in the third quarter. Victory Capital Management Inc. now owns 33,650 shares of the company's stock valued at $2,540,000 after buying an additional 19,026 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $4,348,000. Institutional investors own 98.84% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on ATGE. BMO Capital Markets raised their price objective 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. Barrington Research raised 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. Finally, StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.
View Our Latest Analysis on ATGE
Adtalem Global Education Price Performance
Shares of ATGE stock traded down $3.28 during trading hours on Monday, reaching $87.92. The company's stock had a trading volume of 374,455 shares, compared to its average volume of 459,543. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93. The firm's 50 day simple moving average is $81.73 and its 200-day simple moving average is $74.87. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.03 and a beta of 0.96.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. The firm 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%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. Sell-side analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Lisa W. Wardell sold 7,292 shares of the company'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 transaction, the director now owns 105,085 shares of the company's stock, valued at $7,576,628.50. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Adtalem Global Education Company Profile
(
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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