Vanguard Group Inc. Purchases New Stake in Adtalem Global Education Inc (NASDAQ:ATGE)

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.

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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.

Institutional Ownership by Quarter for Adtalem Global Education (NASDAQ:ATGE)

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