JPMorgan Chase & Co. reduced its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 356,088 shares of the company's stock after selling 31,649 shares during the period. JPMorgan Chase & Co. owned approximately 0.96% of Adtalem Global Education worth $32,351,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of ATGE. Boston Partners bought a new stake in Adtalem Global Education in the fourth quarter valued at $35,990,000. Neumeier Poma Investment Counsel LLC increased its position in shares of Adtalem Global Education by 59.2% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock worth $36,842,000 after purchasing an additional 150,835 shares in the last quarter. Pier Capital LLC bought a new position in Adtalem Global Education during the 4th quarter valued at about $9,114,000. Corient Private Wealth LLC boosted its position in Adtalem Global Education by 1,907.5% in the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock valued at $8,729,000 after buying an additional 91,291 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Adtalem Global Education by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock worth $417,305,000 after buying an additional 82,931 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.
Adtalem Global Education Trading Up 0.9 %
ATGE stock traded up $0.98 during midday trading on Friday, reaching $103.76. The stock had a trading volume of 308,840 shares, compared to its average volume of 432,336. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.44. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $101.00 and a two-hundred day simple moving average of $92.03.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction on Thursday, February 6th. The shares were 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 approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value 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 represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock valued at $1,386,048 in the last 90 days. 2.00% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts recently commented on ATGE shares. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research increased their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd.
Read Our Latest Research Report on Adtalem Global Education
Adtalem Global Education 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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