C M Bidwell & Associates Ltd. acquired a new position in Adtalem Global Education Inc (NASDAQ:ATGE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,095 shares of the company’s stock, valued at approximately $307,000.
A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. acquired a new position in Adtalem Global Education in the second quarter worth $229,924,000. Dimensional Fund Advisors LP acquired a new position in shares of Adtalem Global Education during the second quarter valued at $200,183,000. Vanguard Group Inc. acquired a new position in shares of Adtalem Global Education during the second quarter valued at $184,918,000. William Blair Investment Management LLC acquired a new position in shares of Adtalem Global Education during the second quarter valued at $128,673,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Adtalem Global Education during the second quarter valued at $79,653,000.
In related news, insider Susan Groenwald sold 5,887 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $33.80, for a total transaction of $198,980.60. Following the sale, the insider now 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 SEC, which is available at this hyperlink. Also, 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 sale, the insider now directly owns 13,730 shares in the company, valued at approximately $466,682.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,328 shares of company stock worth $384,138.
Several equities analysts have recently issued reports on ATGE shares. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $35.00 price target (down previously from $40.00) on shares of Adtalem Global Education in a research note on Monday, August 21st.
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Shares of Adtalem Global Education Inc (NASDAQ ATGE) traded down 1.39% during trading on Monday, hitting $35.50. The stock had a trading volume of 47,858 shares. The stock has a 50 day moving average price of $37.74 and a 200-day moving average price of $34.81. Adtalem Global Education Inc has a one year low of $21.97 and a one year high of $40.70. The stock has a market capitalization of $2.19 billion and a price-to-earnings ratio of 18.59.
Adtalem Global Education (NASDAQ:ATGE) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The company had revenue of $451.50 million for the quarter, compared to the consensus estimate of $452.77 million. During the same quarter last year, the business posted $0.65 EPS. Adtalem Global Education’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts predict that Adtalem Global Education Inc will post $2.88 earnings per share for the current year.
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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