State Treasurer State of Michigan trimmed its stake in shares of Adtalem Global Education Inc (NYSE:ATGE) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,800 shares of the company’s stock after selling 1,500 shares during the period. State Treasurer State of Michigan’s holdings in Adtalem Global Education were worth $917,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Adtalem Global Education during the third quarter valued at $347,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Adtalem Global Education during the second quarter valued at $373,000. Fox Run Management L.L.C. purchased a new stake in shares of Adtalem Global Education during the third quarter valued at $369,000. LMR Partners LLP purchased a new stake in shares of Adtalem Global Education during the fourth quarter valued at $553,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Adtalem Global Education during the third quarter valued at $489,000.
Adtalem Global Education Inc (ATGE) opened at $47.95 on Friday. The firm has a market capitalization of $2,890.28, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.87 and a beta of 1.01. Adtalem Global Education Inc has a 52-week low of $30.15 and a 52-week high of $48.55. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.11.
Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm had revenue of $337.24 million for the quarter, compared to analyst estimates of $435.56 million. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. Adtalem Global Education’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 earnings per share. equities analysts predict that Adtalem Global Education Inc will post 2.77 EPS for the current fiscal year.
In other Adtalem Global Education news, insider Ronald L. Taylor sold 97,625 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $46.76, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ronald L. Taylor sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $45.33, for a total value of $4,533,000.00. Following the completion of the transaction, the insider now directly owns 643,620 shares in the company, valued at $29,175,294.60. The disclosure for this sale can be found here. Insiders have sold 202,207 shares of company stock worth $9,304,135 over the last three months. 3.04% of the stock is owned by insiders.
Several brokerages have recently commented on ATGE. 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 upped their price target on Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, February 7th. BMO Capital Markets dropped their price target on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 7th. Piper Jaffray Companies reissued a “buy” rating and set a $59.00 price target on shares of Adtalem Global Education in a research report on Monday, December 4th. Finally, BidaskClub raised Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.33.
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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