The Texas Permanent School Fund reduced its stake in Adtalem Global Education Inc. (NYSE:ATGE – Get a rating) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company held 35,311 shares of the company after selling 725 shares during the period. The Texas Permanent School Fund held approximately 0.07% of Adtalem Global Education worth $1,049,000 at the end of the last quarter.
Several other institutional investors and hedge funds have also recently bought and sold stocks. BRR OpCo LLC bought a new position in shares of Adtalem Global Education in Q1 worth approximately $2,861,000. Royce & Associates LP increased its stake in Adtalem Global Education by 1,570.0% in the first quarter. Royce & Associates LP now owns 248,378 shares of the company valued at $7,379,000 after acquiring an additional 233,505 shares last quarter. SummerHaven Investment Management LLC increased its stake in Adtalem Global Education by 4.7% in the first quarter. SummerHaven Investment Management LLC now owns 24,415 shares of the company worth $725,000 after acquiring 1,094 additional shares in the last quarter. Oak Family Advisors LLC increased its stake in Adtalem Global Education by 32.7% during the 1st quarter. Oak Family Advisors LLC now owns 16,224 shares of the company worth $482,000 after acquiring 4,000 additional shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Adtalem Global Education shares by 5.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 7,177 shares of the company valued at $213,000 after buying 378 additional shares in the last quarter. 98.59% of the shares are held by institutional investors and hedge funds.
Insider Activity at Adtalem Global Education
In other Adtalem Global Education news, SVP James Raymond Bartholomew sold 2,380 shares of Adtalem Global Education in a trade 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. Following the transaction, the senior vice president now owns 2,343 shares of the company, valued at $74,155.95. The transaction was disclosed in an SEC filing, available at this link. In other Adtalem Global Education news, Director William V. Krehbiel purchased 10,000 shares of the company in a trade dated Tuesday, June 14. The shares were acquired at an average price of $31.67 per share, for a total transaction of $316,700.00. After the purchase was completed, the director now owns 10,000 shares of the company, valued at $316,700. The acquisition was disclosed in an SEC filing, which is available via this link. Additionally, SVP James Raymond Bartholomew sold 2,380 shares of the company in a trade dated Friday, May 20. The stock was sold at an average price of $31.65, for a total value of $75,327.00. Following the transaction, the senior vice president now directly owns 2,343 shares of the company, valued at approximately $74,155.95. Disclosure of this sale can be found here. Insiders own 2.75% of the shares of the company.
Adtalem Global Education is trading down 0.6%
Shares of Action Adtalem Global Education opened at $37.74 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt ratio of 0.56. The company has a fifty-day simple moving average of $36.74 and a 200-day simple moving average of $31.24. The stock has a market capitalization of $1.70 billion, a price/earnings ratio of 5.84, a PEG ratio of 0.61 and a beta of 1.02. Adtalem Global Education Inc. has a 12 month minimum of $19.14 and a 12 month maximum of $40.60.
Adtalem Global Education (NYSE:ATGE – Get a rating) last released its quarterly earnings data on Thursday, August 11. The company reported earnings per share (EPS) of $1.31 for the quarter, beating the consensus estimate of $1.25 by $0.06. Adtalem Global Education achieved a net margin of 21.97% and a return on equity of 12.38%. The company posted revenue of $361.23 million in the quarter, versus a consensus estimate of $348.90 million. In the same quarter a year earlier, the company posted earnings per share of $0.70. Adtalem Global Education revenue for the quarter increased 61.6% year on year. On average, stock analysts expect Adtalem Global Education Inc. to post EPS of 4.07 for the current fiscal year.
Analysts set new price targets
A number of equity analysts have recently commented on ATGE shares. Barrington Research raised its price target on Adtalem Global Education shares from $40.00 to $46.00 and gave the stock an “outperform” rating in a Friday, Aug. 12 research note. Robert W. Baird raised his price target on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 research report.
Adtalem Global Education Profile
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.
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