State Treasurer State of Michigan trimmed its position in shares of Adtalem Global Education Inc (NYSE:ATGE) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,800 shares of the company’s stock after selling 1,500 shares during the quarter. State Treasurer State of Michigan’s holdings in Adtalem Global Education were worth $917,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ATGE. Crossmark Global Holdings Inc. purchased a new position in Adtalem Global Education during the 3rd quarter worth approximately $347,000. Fox Run Management L.L.C. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $369,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Adtalem Global Education during the 2nd quarter worth approximately $373,000. Alps Advisors Inc. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $489,000. Finally, LMR Partners LLP acquired a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $553,000.
ATGE has been the topic of a number of analyst reports. BidaskClub raised shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Piper Jaffray Companies reissued a “buy” rating and issued a $59.00 price target on shares of Adtalem Global Education in a research note on Monday, December 4th. Finally, Robert W. Baird reissued a “hold” rating on shares of Adtalem Global Education in a research note on Thursday, December 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $50.33.
In other news, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the transaction, the senior vice president now owns 16,794 shares in the company, valued at approximately $755,730. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ronald L. Taylor sold 100,000 shares of Adtalem Global Education stock in a transaction on 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 transaction, the insider now owns 643,620 shares in the company, valued at approximately $29,175,294.60. The disclosure for this sale can be found here. Insiders sold a total of 238,812 shares of company stock worth $11,017,249 in the last 90 days. 3.04% of the stock is currently owned by insiders.
Shares of Adtalem Global Education Inc (NYSE ATGE) traded up $1.00 during mid-day trading on Friday, reaching $48.05. The company’s stock had a trading volume of 410,385 shares, compared to its average volume of 601,496. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock has a market cap of $2,896.31, a price-to-earnings ratio of 300.31, a P/E/G ratio of 1.87 and a beta of 1.01. Adtalem Global Education Inc has a 12 month low of $30.15 and a 12 month high of $48.55.
Adtalem Global Education (NYSE:ATGE) last announced 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 company 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%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. equities research analysts predict that Adtalem Global Education Inc will post 2.77 earnings per share for the current year.
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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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