First Trust Advisors LP increased its stake in shares of Adtalem Global Education (NYSE:ATGE) by 19.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,867 shares of the company’s stock after acquiring an additional 10,212 shares during the quarter. First Trust Advisors LP owned about 0.11% of Adtalem Global Education worth $2,686,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in Adtalem Global Education by 11.8% during the third quarter. Wells Fargo & Company MN now owns 2,347,206 shares of the company’s stock worth $84,147,000 after buying an additional 248,335 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of Adtalem Global Education in the fourth quarter valued at about $45,234,000. Rothschild Asset Management Inc. lifted its holdings in shares of Adtalem Global Education by 4.9% in the third quarter. Rothschild Asset Management Inc. now owns 913,424 shares of the company’s stock valued at $32,746,000 after purchasing an additional 42,293 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Adtalem Global Education by 1.6% in the third quarter. Ameriprise Financial Inc. now owns 780,590 shares of the company’s stock valued at $27,983,000 after purchasing an additional 12,120 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Adtalem Global Education by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 745,408 shares of the company’s stock valued at $31,345,000 after purchasing an additional 15,861 shares in the last quarter.
In related news, insider Ronald L. Taylor sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $45.33, for a total transaction of $4,533,000.00. Following the completion of the transaction, the insider now owns 643,620 shares of the company’s stock, valued at $29,175,294.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald L. Taylor sold 97,625 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $46.76, for a total transaction of $4,564,945.00. Following the transaction, the insider now directly owns 604,726 shares of the company’s stock, valued at approximately $28,276,987.76. The disclosure for this sale can be found here. In the last three months, insiders sold 295,286 shares of company stock valued at $13,851,648. Company insiders own 3.04% of the company’s stock.
Shares of NYSE:ATGE traded up $0.35 during trading on Friday, reaching $48.05. The stock had a trading volume of 383,621 shares, compared to its average volume of 365,862. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $2,896.31, a PE ratio of 17.22, a P/E/G ratio of 1.87 and a beta of 0.91. Adtalem Global Education has a fifty-two week low of $30.15 and a fifty-two week high of $50.00.
Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $337.24 million during the quarter, compared to analyst estimates of $435.56 million. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 earnings per share. sell-side analysts expect that Adtalem Global Education will post 2.78 earnings per share for the current fiscal year.
ATGE has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $49.00 price target on shares of Adtalem Global Education in a report on Wednesday, January 17th. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Robert W. Baird upped their price target on shares of Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. Finally, ValuEngine raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Adtalem Global Education has a consensus rating of “Buy” and an average price target of $50.33.
COPYRIGHT VIOLATION WARNING: “Adtalem Global Education (ATGE) Shares Bought by First Trust Advisors LP” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/08/adtalem-global-education-inc-atge-holdings-increased-by-first-trust-advisors-lp.html.
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.
Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.