Texas Permanent School Fund Sells 662 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Texas Permanent School Fund reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGEGet Rating) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,514 shares of the company’s stock after selling 662 shares during the period. Texas Permanent School Fund owned about 0.07% of Adtalem Global Education worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Adtalem Global Education by 118.4% in the first quarter. JPMorgan Chase & Co. now owns 180,864 shares of the company’s stock worth $5,374,000 after purchasing an additional 98,052 shares during the last quarter. US Bancorp DE lifted its holdings in Adtalem Global Education by 76.7% during the 1st quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after buying an additional 775 shares during the period. Citigroup Inc. grew its position in shares of Adtalem Global Education by 70.1% in the 1st quarter. Citigroup Inc. now owns 109,708 shares of the company’s stock valued at $3,259,000 after buying an additional 45,214 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Adtalem Global Education by 56.2% in the first quarter. MetLife Investment Management LLC now owns 25,935 shares of the company’s stock valued at $771,000 after buying an additional 9,329 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Adtalem Global Education by 0.7% during the first quarter. Rhumbline Advisers now owns 146,712 shares of the company’s stock worth $4,359,000 after acquiring an additional 1,018 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $44.00 to $46.00 and gave the company a “market perform” rating in a research report on Monday, November 7th. TheStreet downgraded shares of Adtalem Global Education from a “b-” rating to a “c+” rating in a research note on Thursday, December 29th. Barrington Research upped their price target on shares of Adtalem Global Education from $46.00 to $48.00 in a research report on Friday, November 4th. Finally, StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 6th.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Lisa W. Wardell sold 30,564 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $43.17, for a total value of $1,319,447.88. Following the completion of the sale, the director now owns 319,974 shares of the company’s stock, valued at $13,813,277.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 30,564 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $43.17, for a total transaction of $1,319,447.88. Following the transaction, the director now owns 319,974 shares in the company, valued at $13,813,277.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Maurice Herrera sold 2,800 shares of Adtalem Global Education stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $36.85, for a total transaction of $103,180.00. Following the transaction, the chief marketing officer now owns 27,606 shares of the company’s stock, valued at $1,017,281.10. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $37.32 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.49. Adtalem Global Education Inc. has a twelve month low of $19.14 and a twelve month high of $44.40. The company has a fifty day moving average of $38.56 and a 200-day moving average of $38.37. The firm has a market capitalization of $1.69 billion, a P/E ratio of 4.86, a P/E/G ratio of 0.62 and a beta of 1.02.

Adtalem Global Education (NYSE:ATGEGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.17. The firm had revenue of $354.56 million during the quarter, compared to the consensus estimate of $353.41 million. Adtalem Global Education had a net margin of 26.01% and a return on equity of 12.53%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 4.04 EPS for the current year.

About Adtalem Global Education

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Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.

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

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