Vanguard Group Inc. purchased a new stake in shares of Adtalem Global Education Inc (NASDAQ:ATGE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,872,683 shares of the company’s stock, valued at approximately $184,918,000. Vanguard Group Inc. owned 7.78% of Adtalem Global Education at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in ATGE. BlackRock Inc. purchased a new position in shares of Adtalem Global Education during the second quarter valued at $229,924,000. William Blair Investment Management LLC purchased a new position in Adtalem Global Education in the second quarter valued at about $128,673,000. Wells Fargo & Company MN purchased a new position in Adtalem Global Education in the second quarter valued at about $79,653,000. Northern Trust Corp acquired a new stake in Adtalem Global Education in the second quarter worth about $47,605,000. Finally, Bank of New York Mellon Corp acquired a new stake in Adtalem Global Education in the second quarter worth about $45,876,000.
In related news, insider Susan Groenwald sold 5,887 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $33.80, for a total value of $198,980.60. Following the completion of the transaction, the insider now directly owns 30,582 shares of the company’s stock, valued at approximately $1,033,671.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric P. Dirst sold 3,114 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $34.06, for a total value of $106,062.84. Following the transaction, the insider now directly owns 14,800 shares of the company’s stock, valued at approximately $504,088. The disclosure for this sale can be found here. Insiders sold a total of 11,328 shares of company stock valued at $384,138 over the last three months.
Shares of Adtalem Global Education Inc (NASDAQ:ATGE) opened at 36.10 on Friday. The company’s 50 day moving average price is $34.89 and its 200-day moving average price is $35.74. The firm has a market cap of $2.24 billion and a P/E ratio of 18.90. Adtalem Global Education Inc has a 12-month low of $22.48 and a 12-month high of $40.70.
Adtalem Global Education (NASDAQ:ATGE) last posted its quarterly earnings data on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $452.77 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. On average, equities research analysts anticipate that Adtalem Global Education Inc will post $2.88 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Vanguard Group Inc. Purchases New Stake in Adtalem Global Education Inc (NASDAQ:ATGE)” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/27/4872683-shares-in-adtalem-global-education-inc-atge-purchased-by-vanguard-group-inc.html.
Several equities research analysts have weighed in on ATGE shares. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, July 7th. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 price target (down previously from $40.00) on shares of Adtalem Global Education in a report on Monday, August 21st.
Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
Receive News & Ratings for Adtalem Global Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education Inc and related companies with MarketBeat.com's FREE daily email newsletter.