The Alaska State Department of Revenue reduced its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE – Get a rating) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The company held 34,645 shares of the company after selling 590 shares during the quarter. The Alaska State Department of Revenue’s holdings in Adtalem Global Education were worth $1,029,000 at the end of the last quarter.
Other large investors have also recently increased or reduced their stake in the company. Signaturefd LLC increased its stake in shares of Adtalem Global Education by 47.0% during the fourth quarter. Signaturefd LLC now owns 1,039 shares of the company valued at $31,000 after purchasing an additional 332 shares during the period. Gladius Capital Management LP purchased a new equity stake in Adtalem Global Education during the fourth quarter, valued at approximately $57,000. American Trust purchased a new equity stake in Adtalem Global Education during the fourth quarter, valued at approximately $214,000. Teacher Retirement System of Texas increased its stake in shares of Adtalem Global Education by 20.0% during the fourth quarter. Teacher Retirement System of Texas now owns 9,212 shares of the company valued at $272,000 after purchasing 1,533 additional shares during the period. Finally, PDT Partners LLC purchased a new equity stake in Adtalem Global Education during the fourth quarter, valued at approximately $277,000. 98.59% of the shares are held by hedge funds and other institutional investors.
In other Adtalem Global Education news, SVP James Raymond Bartholomew sold 2,380 shares in a trade on Friday, May 20. The stock was sold at an average price of $31.65, for a total value of $75,327.00. Following the completion of 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, which is available via the SEC website. Additionally, director William V. Krehbiel acquired 10,000 shares of the company in a transaction on Tuesday, June 14. The shares were purchased at an average price of $31.67 per share, with a total value of $316,700.00. Following the acquisition, the director 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 currently held by company insiders.
Shares of Action Adtalem Global Education opened at $37.45 on Wednesday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt ratio of 0.82. The company has a market capitalization of $1.69 billion, a PE ratio of 5.80, a P/E/G ratio of 0.54 and a beta of 0.99. The company has a 50-day moving average of $32.43 and a 200-day moving average of $29.36. Adtalem Global Education Inc. has a 52 week minimum of $19.14 and a 52 week maximum of $39.99.
Adtalem Global Education (NYSE:ATGE – Get a rating) last announced its results on Thursday, May 5. The company reported 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 in 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 for the quarter increased 30.2% year over year. In the same quarter of the previous year, the company had earned earnings per share of $0.72. On average, research analysts expect Adtalem Global Education Inc. to post earnings per share of 3.25 for the current year.
Separately, StockNews.com launched coverage on Adtalem Global Education in a report on Thursday, March 31. They set a “holding” rating for the company.
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.
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