Piedmont Investment Advisors LLC purchased a new position in Adtalem Global Education Inc (NASDAQ:ATGE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,970 shares of the company’s stock, valued at approximately $606,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Adtalem Global Education during the 2nd quarter valued at about $2,398,000. Parametrica Management Ltd purchased a new stake in Adtalem Global Education during the 2nd quarter valued at about $232,000. ING Groep NV purchased a new stake in Adtalem Global Education during the 2nd quarter valued at about $263,000. Meritage Portfolio Management purchased a new stake in Adtalem Global Education during the 2nd quarter valued at about $5,588,000. Finally, Strs Ohio purchased a new stake in Adtalem Global Education during the 2nd quarter valued at about $1,252,000.
In related news, insider John P. Roselli sold 2,327 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $33.99, for a total value of $79,094.73. Following the transaction, the insider now directly owns 13,730 shares in the company, valued at approximately $466,682.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Groenwald sold 5,887 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $33.80, for a total transaction of $198,980.60. Following the completion of the transaction, the insider now owns 30,582 shares in the company, valued at $1,033,671.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,328 shares of company stock worth $384,138 in the last 90 days.
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Adtalem Global Education Inc (NASDAQ:ATGE) traded up 0.97% during trading on Friday, reaching $36.45. The company had a trading volume of 132,943 shares. Adtalem Global Education Inc has a 1-year low of $22.48 and a 1-year high of $40.70. The firm has a 50-day moving average of $34.89 and a 200-day moving average of $35.74. The stock has a market capitalization of $2.26 billion and a price-to-earnings ratio of 19.08.
Adtalem Global Education (NASDAQ:ATGE) last released its quarterly earnings results on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $452.77 million. Adtalem Global Education had a net margin of 9.76% and a return on equity of 10.35%. Adtalem Global Education’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. On average, analysts anticipate that Adtalem Global Education Inc will post $2.88 EPS for the current fiscal year.
A number of analysts have recently commented on ATGE shares. Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. BMO Capital Markets restated a “market perform” rating and issued a $35.00 target price (down previously from $40.00) on shares of Adtalem Global Education in a research note on Monday, August 21st.
Adtalem Global Education 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.
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