The Oregon Public Employees Retirement Fund reduced its holdings in Adtalem Global Education Inc. (NYSE:ATGE – Get a rating) by 2.1% during the first quarter, Participation channel reports. The company held 18,626 shares of the company after selling 400 shares during the quarter. The Oregon Public Employees Retirement Fund’s holdings in Adtalem Global Education were worth $553,000 at the end of the last quarter.
Other institutional investors and hedge funds have also recently changed their positions in the company. Ariel Investments LLC increased its stake in shares of Adtalem Global Education by 35.4% in Q4. Ariel Investments LLC now owns 5,029,760 shares of the company valued at $148,680,000 after purchasing an additional 1,314,979 shares during the period. Fuller & Thaler Asset Management Inc. increased its equity stake in Adtalem Global Education by 4.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,065,236 shares of the company valued at $31,488,000 after acquiring 48,637 additional shares last quarter. Bank of America Corp DE increased its position in shares of Adtalem Global Education by 369.2% during the fourth quarter. Bank of America Corp DE now owns 735,211 shares of the company worth $21,733,000 after purchasing an additional 578,513 shares during the period. Charles Schwab Investment Management Inc. increased its holdings of Adtalem Global Education shares by 4.3% in Q4. Charles Schwab Investment Management Inc. now owns 665,779 shares of the company worth $19,681,000 after purchasing an additional 27,173 shares in the last quarter. Finally, Robeco Schweiz AG increased its position in Adtalem Global Education by 3.2% in the 4th quarter. Robeco Schweiz AG now owns 432,919 shares of the company valued at $12,797,000 after purchasing an additional 13,512 shares during the period. Institutional investors hold 98.59% of the company’s shares.
Analyst upgrades and downgrades
Separately, StockNews.com assumed coverage of Adtalem Global Education stocks in a Thursday, March 31 report. They have placed a “holding” rating on the stock.
Adtalem Global Education Stock up 3.7%
Shares of NYSE:ATGE opened at $38.60 on Friday. The company’s 50-day moving average is $33.70 and its 200-day moving average is $29.80. Adtalem Global Education Inc. has a 12 month minimum of $19.14 and a 12 month maximum of $39.70. The stock has a market capitalization of $1.74 billion, a price/earnings ratio of 5.98, a PEG ratio of 0.55 and a beta of 0.99. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt ratio of 0.82.
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 the consensus estimate of $0.82 by $0.05. Adtalem Global Education achieved a net margin of 23.34% and a return on equity of 10.99%. The company posted revenue of $365.60 million in the quarter, versus a consensus estimate of $360.34 million. In the same quarter a year earlier, the company posted earnings per share of $0.72. The company’s revenue for the quarter increased 30.2% year over year. On average, sell-side analysts expect Adtalem Global Education Inc. to post earnings per share of 3.25 for the current fiscal year.
Insider Trading at Adtalem Global Education
In a similar vein, SVP James Raymond Bartholomew sold 2,380 shares of Adtalem Global Education in a trade 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 sale, the senior vice president now directly owns 2,343 shares of the company, valued at $74,155.95. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Separately, Director William V. Krehbiel purchased 10,000 shares of Adtalem Global Education in a transaction dated Tuesday, June 14. The shares were purchased at an average cost of $31.67 per share, with a total value of $316,700.00. Following the transaction, the director now directly owns 10,000 shares of the company, valued at $316,700. The acquisition was disclosed in a legal filing with the SEC, accessible via the SEC website. Additionally, 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 completion 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. Insiders of the company hold 2.75% of the shares of the company.
Adtalem Global Education Company 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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