SG Americas Securities LLC lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 32.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,832 shares of the company's stock after selling 3,294 shares during the quarter. SG Americas Securities LLC's holdings in Adtalem Global Education were worth $621,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of ATGE. USA Financial Formulas bought a new position in Adtalem Global Education in the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Adtalem Global Education in the 3rd quarter valued at $27,000. Quarry LP bought a new position in shares of Adtalem Global Education in the 2nd quarter worth $43,000. GAMMA Investing LLC grew its stake in shares of Adtalem Global Education by 60.1% during the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company's stock worth $97,000 after purchasing an additional 483 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Adtalem Global Education in the third quarter valued at about $123,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on ATGE. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Barrington Research increased their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday.
Check Out Our Latest Report on Adtalem Global Education
Insider Buying and Selling
In related news, Director William W. Burke sold 4,000 shares of the company's stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
Adtalem Global Education Stock Down 2.6 %
NYSE ATGE traded down $2.76 on Monday, reaching $104.37. The company had a trading volume of 462,658 shares, compared to its average volume of 398,662. The company's fifty day moving average is $93.34 and its 200-day moving average is $82.51. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a 1-year low of $45.16 and a 1-year high of $112.43.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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, research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.
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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