Virginia Retirement Systems ET AL has acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE – Get a rating) during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The fund bought 25,500 shares of the company, valued at around $758,000.
Other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Adtalem Global Education by 47.0% in the 4th quarter. Signaturefd LLC now owns 1,039 shares of the company valued at $31,000 after purchasing 332 additional shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Adtalem Global Education in Q4, valued at approximately $57,000. American Trust purchased a new equity stake in Adtalem Global Education in Q4, valued at approximately $214,000. Teacher Retirement System of Texas increased its position in shares of Adtalem Global Education by 20.0% in the 4th quarter. Teacher Retirement System of Texas now owns 9,212 shares of the company valued at $272,000 after buying 1,533 additional shares in the last quarter. Finally, PDT Partners LLC purchased a new equity stake in Adtalem Global Education in Q4, valued at approximately $277,000. Hedge funds and other institutional investors own 98.59% of the company’s shares.
Separately, SVP James Raymond Bartholomew sold 2,380 shares of the company in a transaction that took place on Friday, May 20. The stock was sold at an average price of $31.65, for a total transaction of $75,327.00. As a result of the transaction, the senior vice president now directly owns 2,343 shares of the company, valued at approximately $74,155.95. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, director William V. Krehbiel purchased 10,000 shares of the company in a transaction that took place on Tuesday, June 14. The shares were purchased at an average cost of $31.67 per share, for a total transaction of $316,700.00. Following the completion of the purchase, the administrator now owns 10,000 shares of the company, valued at approximately $316,700. Disclosure of this purchase can be found here. 2.75% of the shares are held by insiders.
Shares of NYSE:ATGE opened at $38.12 on Friday. The company has a market capitalization of $1.72 billion, a price/earnings ratio of 5.90, a P/E/G ratio of 0.55 and a beta of 0.99. The company has a debt ratio of 0.82, a current ratio of 1.94 and a quick ratio of 1.94. The company’s 50-day moving average is $32.88 and its 200-day moving average is $29.54. Adtalem Global Education Inc. has a 1 year minimum of $19.14 and a 1 year maximum of $39.70.
Adtalem Global Education (NYSE:ATGE – Get a rating) last reported quarterly earnings data on Thursday, May 5. The company reported earnings per share (EPS) of $0.87 for the quarter, beating consensus analyst estimates of $0.82 by $0.05. The company posted revenue of $365.60 million for the quarter, versus a consensus estimate of $360.34 million. Adtalem Global Education achieved a return on equity of 10.99% and a net margin of 23.34%. The company’s revenue increased by 30.2% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.72. Analysts expect Adtalem Global Education Inc. to post EPS of 3.25 for the current year.
Separately, StockNews.com began covering Adtalem Global Education in a research report on Thursday, March 31. They issued a “holding” rating on the stock.
About Adtalem Global Education (Get a rating)
Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.
Get news and reviews for Adtalem Global Education Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Adtalem Global Education and related companies with MarketBeat.com’s free daily email newsletter.