USA Financial Portformulas Corp purchased a new position in shares of Adtalem Global Education Inc (NYSE:ATGE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,140 shares of the company’s stock, valued at approximately $295,000.
Other institutional investors have also recently modified their holdings of the company. Sit Investment Associates Inc. acquired a new position in shares of Adtalem Global Education during the second quarter worth about $676,000. GAM Holding AG grew its position in Adtalem Global Education by 79.8% during the second quarter. GAM Holding AG now owns 43,862 shares of the company’s stock worth $2,110,000 after buying an additional 19,470 shares during the period. Northern Trust Corp grew its position in Adtalem Global Education by 4.0% during the second quarter. Northern Trust Corp now owns 1,484,673 shares of the company’s stock worth $71,413,000 after buying an additional 56,924 shares during the period. GHP Investment Advisors Inc. grew its position in Adtalem Global Education by 6.9% during the second quarter. GHP Investment Advisors Inc. now owns 57,402 shares of the company’s stock worth $2,761,000 after buying an additional 3,710 shares during the period. Finally, Swiss National Bank grew its position in Adtalem Global Education by 2.4% during the second quarter. Swiss National Bank now owns 104,900 shares of the company’s stock worth $5,046,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 93.53% of the company’s stock.
In other Adtalem Global Education news, insider Ronald L. Taylor sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $48.64, for a total value of $2,432,000.00. Following the sale, the insider now owns 450,615 shares of the company’s stock, valued at $21,917,913.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carlos Filgueiras sold 12,426 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $48.32, for a total transaction of $600,424.32. Following the completion of the sale, the insider now directly owns 16,482 shares in the company, valued at approximately $796,410.24. The disclosure for this sale can be found here. Insiders sold 77,558 shares of company stock worth $3,764,240 in the last ninety days. Insiders own 1.91% of the company’s stock.
Several research analysts have weighed in on ATGE shares. Barrington Research upped their target price on shares of Adtalem Global Education from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, July 9th. BMO Capital Markets restated a “buy” rating and set a $56.00 target price on shares of Adtalem Global Education in a research report on Wednesday, July 11th. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Piper Jaffray Companies upped their target price on shares of Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Robert W. Baird upped their target price on shares of Adtalem Global Education from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $57.80.
Shares of ATGE opened at $52.79 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. Adtalem Global Education Inc has a twelve month low of $30.71 and a twelve month high of $56.45. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.40 and a beta of 0.71.
Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, November 1st. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.04. Adtalem Global Education had a net margin of 0.89% and a return on equity of 11.43%. The company had revenue of $284.19 million for the quarter, compared to analyst estimates of $296.12 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Adtalem Global Education Inc will post 2.85 EPS for the current year.
Adtalem Global Education Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
Further Reading: What is a Market Correction?
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.