New York State Joint Retirement Fund Reduces Stake in Adtalem Global Education Inc. (NYSE:ATGE)


New York State Common Retirement Fund reduced its position in Adtalem Global Education Inc. (NYSE:ATGEGet a rating) by 12.6% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The institutional investor held 35,748 shares of the company after selling 5,174 shares during the period. The New York State Common Retirement Fund held 0.07% of Adtalem Global Education worth $1,062,000 at the end of the last quarter.

A number of other hedge funds have also recently changed their positions in the company. Gladius Capital Management LP acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $57,000. Mutual of America Capital Management LLC increased its position in Adtalem Global Education by 5.6% during the first quarter. Mutual of America Capital Management LLC now owns 7,177 shares of the company valued at $213,000 after purchasing 378 additional shares during the period. American Trust acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $214,000. Teacher Retirement System of Texas increased its position in 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 acquired a new stake in Adtalem Global Education during the fourth quarter at a value of approximately $277,000. 98.59% of the shares are currently held by hedge funds and other institutional investors.

Adtalem Global Education trades up 1.1%

ATGE opened at $38.14 on Thursday. The stock has a market capitalization of $1.72 billion, a price/earnings ratio of 5.90, a P/E/G ratio of 0.62 and a beta of 1.02. The stock’s 50-day moving average price is $36.82 and its 200-day moving average price is $31.29. Adtalem Global Education Inc. has a one-year minimum of $19.14 and a one-year maximum of $40.60. The company has a debt ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

Adtalem Global Education (NYSE:ATGEGet a rating) last reported results on Thursday, August 11. The company reported EPS of $1.31 for the quarter, beating consensus analyst estimates of $1.25 by $0.06. Adtalem Global Education achieved a return on equity of 12.38% and a net margin of 21.97%. The company posted revenue of $361.23 million for the quarter, compared to $348.90 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.70. The company’s quarterly revenue increased 61.6% year over year. On average, stock analysts expect Adtalem Global Education Inc. to post EPS of 4.07 for the current year.

Wall Street analysts predict growth

A number of equity research analysts have published reports on ATGE shares. Barrington Research raised its price target on Adtalem Global Education from $40.00 to $46.00 and gave the company an “outperform” rating in a Friday, August 12 research report. Robert W. Baird raised his target price on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 research note.

Insider buying and selling

Separately, director William V. Krehbiel acquired 10,000 shares of the company in a transaction that took place 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 completion of the purchase, the director now directly owns 10,000 shares of the company, valued at $316,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Separately, director William V. Krehbiel acquired 10,000 shares of the company in a transaction that took place 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 completion of the purchase, the director now directly owns 10,000 shares of the company, valued at $316,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, SVP James Raymond Bartholomew sold 2,380 shares in a trade on Friday, May 20. The shares were sold at an average price of $31.65, for a total value of $75,327.00. As a result of the sale, 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. 2.75% of the shares are held by insiders.

Adtalem Global Education Company Profile

(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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Institutional ownership by quarter for Adtalem Global Education (NYSE:ATGE)



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