Invesco Ltd. raised its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 19.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,932 shares of the company's stock after purchasing an additional 63,884 shares during the period. Invesco Ltd. owned 1.05% of Adtalem Global Education worth $35,516,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of ATGE. USA Financial Formulas bought a new stake in shares of Adtalem Global Education during the fourth quarter worth $26,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at approximately $70,000. Parkside Financial Bank & Trust boosted its position in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after purchasing an additional 776 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after buying an additional 634 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after purchasing an additional 177 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ATGE. Barrington Research reaffirmed an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a report on Tuesday, April 15th. BMO Capital Markets lifted 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. Finally, StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.
Check Out Our Latest Stock Analysis on ATGE
Adtalem Global Education Trading Down 0.6 %
Shares of ATGE traded down $0.66 during mid-day trading on Friday, hitting $106.04. 434,523 shares of the company's stock traded hands, compared to its average volume of 436,655. Adtalem Global Education Inc. has a 1 year low of $46.18 and a 1 year high of $112.44. The firm has a market capitalization of $3.95 billion, a P/E ratio of 19.75, a PEG ratio of 1.05 and a beta of 0.91. The business's 50-day moving average price is $100.78 and its 200-day moving average price is $93.11. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.
Insider Transactions at Adtalem Global Education
In related news, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by company insiders.
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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