Adtalem Global Education (ATGE) Position Lifted by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Adtalem Global Education (NYSE:ATGE) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 378,426 shares of the company’s stock after purchasing an additional 17,976 shares during the period. American Century Companies Inc. owned 0.63% of Adtalem Global Education worth $17,994,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. William Blair Investment Management LLC lifted its position in shares of Adtalem Global Education by 15.5% during the fourth quarter. William Blair Investment Management LLC now owns 4,101,805 shares of the company’s stock valued at $172,481,000 after purchasing an additional 550,779 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Adtalem Global Education by 61.6% during the first quarter. Wedge Capital Management L L P NC now owns 1,738,565 shares of the company’s stock valued at $82,669,000 after purchasing an additional 662,849 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Adtalem Global Education by 2.2% during the fourth quarter. Victory Capital Management Inc. now owns 745,408 shares of the company’s stock worth $31,345,000 after buying an additional 15,861 shares during the last quarter. Geode Capital Management LLC increased its holdings in Adtalem Global Education by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 506,392 shares of the company’s stock worth $21,293,000 after buying an additional 24,158 shares during the last quarter. Finally, LSV Asset Management increased its holdings in Adtalem Global Education by 1.8% during the fourth quarter. LSV Asset Management now owns 496,664 shares of the company’s stock worth $20,884,000 after buying an additional 8,900 shares during the last quarter.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Barrington Research restated an “outperform” rating and set a $57.00 price objective on shares of Adtalem Global Education in a report on Friday, May 4th. They noted that the move was a valuation call. BMO Capital Markets upgraded shares of Adtalem Global Education from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, May 7th. They noted that the move was a valuation call. ValuEngine upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Finally, Robert W. Baird raised their price objective on shares of Adtalem Global Education from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $52.00.

Adtalem Global Education opened at $46.60 on Friday, according to Marketbeat Ratings. Adtalem Global Education has a 52-week low of $45.95 and a 52-week high of $46.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $2.76 billion, a P/E ratio of 16.70, a P/E/G ratio of 1.79 and a beta of 0.94.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $342.19 million during the quarter, compared to the consensus estimate of $342.79 million. Adtalem Global Education had a net margin of 0.89% and a return on equity of 10.06%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. equities research analysts anticipate that Adtalem Global Education will post 2.76 EPS for the current year.

In other news, insider Donna Jennings sold 3,918 shares of Adtalem Global Education stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $50.00, for a total value of $195,900.00. Following the completion of the transaction, the insider now owns 12,815 shares in the company, valued at $640,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Carlos Filgueiras sold 36,605 shares of Adtalem Global Education stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $46.80, for a total transaction of $1,713,114.00. Following the completion of the transaction, the insider now owns 15,407 shares of the company’s stock, valued at approximately $721,047.60. The disclosure for this sale can be found here. Insiders sold 101,579 shares of company stock valued at $4,949,603 in the last quarter. Corporate insiders own 3.04% of the company’s stock.

About Adtalem Global Education

Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.

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Institutional Ownership by Quarter for Adtalem Global Education (NYSE:ATGE)

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