Sei Investments Co. trimmed its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,177 shares of the company's stock after selling 26,306 shares during the quarter. Sei Investments Co. owned approximately 0.13% of Adtalem Global Education worth $4,468,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in ATGE. Citigroup Inc. lifted its stake in shares of Adtalem Global Education by 61.0% during the 3rd quarter. Citigroup Inc. now owns 51,039 shares of the company's stock valued at $3,852,000 after buying an additional 19,337 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Adtalem Global Education by 19.1% in the third quarter. Cerity Partners LLC now owns 6,895 shares of the company's stock worth $520,000 after acquiring an additional 1,105 shares during the period. Bank of Montreal Can raised its stake in Adtalem Global Education by 0.8% during the 3rd quarter. Bank of Montreal Can now owns 54,494 shares of the company's stock valued at $4,099,000 after purchasing an additional 450 shares during the period. Verition Fund Management LLC purchased a new position in Adtalem Global Education in the 3rd quarter worth approximately $1,113,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in Adtalem Global Education by 78.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,404 shares of the company's stock valued at $332,000 after buying an additional 1,942 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.
Adtalem Global Education Price Performance
Shares of Adtalem Global Education stock traded up $0.92 during trading hours on Monday, reaching $98.94. The company's stock had a trading volume of 1,017,456 shares, compared to its average volume of 429,102. The firm has a 50 day moving average price of $101.05 and a 200-day moving average price of $91.13. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $3.69 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (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%. On average, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Analyst Ratings Changes
Several research firms recently weighed in on ATGE. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets lifted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, January 31st.
Check Out Our Latest Report on ATGE
Insider Activity at Adtalem Global Education
In other news, insider Michael Betz sold 3,500 shares of the company's stock in a transaction that occurred on 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 represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now directly owns 8,032 shares of the company's stock, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company's stock.
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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