Vanguard Group Inc. boosted its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,593,345 shares of the company's stock after purchasing an additional 82,931 shares during the quarter. Vanguard Group Inc. owned about 12.33% of Adtalem Global Education worth $417,305,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATGE. USA Financial Formulas purchased a new stake in Adtalem Global Education in the 4th quarter valued at about $26,000. R Squared Ltd purchased a new stake in Adtalem Global Education in the fourth quarter valued at approximately $70,000. Parkside Financial Bank & Trust increased 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 worth $72,000 after purchasing an additional 776 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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 purchasing an additional 634 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Adtalem Global Education by 13.8% in the 4th 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 currently owned by hedge funds and other institutional investors.
Adtalem Global Education Stock 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 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 one year low of $45.18 and a one year high of $112.44. The company's 50 day simple moving average is $101.05 and its 200 day simple moving average is $91.13. The stock has a market cap of $3.69 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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, analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on ATGE. BMO Capital Markets boosted 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. Barrington Research boosted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.
Get Our Latest Analysis on ATGE
Insider Buying and Selling at Adtalem Global Education
In related news, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the sale, the director now directly owns 12,844 shares in the company, valued at $1,395,885.92. The trade was a 26.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Betz sold 3,500 shares of the company'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 completion of the transaction, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,997 shares of company stock valued at $1,386,048. Company insiders own 2.00% of the company's stock.
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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