ING Groep NV raised its stake in shares of Adtalem Global Education Inc (NYSE:ATGE) by 20.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,154 shares of the company’s stock after acquiring an additional 1,551 shares during the quarter. ING Groep NV’s holdings in Adtalem Global Education were worth $385,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of ATGE. Crossmark Global Holdings Inc. bought a new position in shares of Adtalem Global Education during the third quarter valued at $347,000. Fox Run Management L.L.C. bought a new position in shares of Adtalem Global Education during the third quarter valued at $369,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Adtalem Global Education during the second quarter valued at $373,000. Alps Advisors Inc. bought a new position in shares of Adtalem Global Education during the third quarter valued at $489,000. Finally, LMR Partners LLP bought a new position in shares of Adtalem Global Education during the fourth quarter valued at $553,000.
In other news, SVP Donna Jennings sold 4,582 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total value of $206,190.00. Following the completion of the sale, the senior vice president now directly owns 16,794 shares in the company, valued at $755,730. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ronald L. Taylor sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $45.33, for a total value of $4,533,000.00. Following the completion of the sale, the insider now owns 643,620 shares of the company’s stock, valued at $29,175,294.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,207 shares of company stock valued at $9,304,135. 3.04% of the stock is currently owned by corporate insiders.
A number of research analysts have issued reports on the company. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Robert W. Baird lifted their price objective on Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. BMO Capital Markets cut their price objective on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating for the company in a report on Wednesday, February 7th. BidaskClub raised Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $59.00 price objective on shares of Adtalem Global Education in a report on Monday, December 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $50.33.
Adtalem Global Education Inc (NYSE ATGE) opened at $47.95 on Tuesday. Adtalem Global Education Inc has a twelve month low of $30.15 and a twelve month high of $48.55. The stock has a market capitalization of $2,890.28, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.58 and a current ratio of 1.58.
Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The company had revenue of $337.24 million during the quarter, compared to analyst estimates of $435.56 million. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Adtalem Global Education Inc will post 2.77 EPS for the current year.
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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.
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