Adtalem Global Education Inc. (NYSE:ATGE) Holdings Cut by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in Adtalem Global Education Inc. (NYSE:ATGEFree Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,417 shares of the company’s stock after selling 349 shares during the quarter. Arizona State Retirement System’s holdings in Adtalem Global Education were worth $532,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in Adtalem Global Education in the second quarter worth approximately $2,753,000. Illinois Municipal Retirement Fund acquired a new position in Adtalem Global Education in the third quarter worth approximately $1,060,000. Mackenzie Financial Corp acquired a new position in Adtalem Global Education in the third quarter worth approximately $1,827,000. Citigroup Inc. grew its position in Adtalem Global Education by 143.7% in the second quarter. Citigroup Inc. now owns 63,143 shares of the company’s stock worth $2,168,000 after buying an additional 37,236 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Adtalem Global Education in the third quarter worth approximately $238,000. Institutional investors and hedge funds own 95.77% of the company’s stock.

Adtalem Global Education Trading Up 0.6 %

NYSE ATGE opened at $49.17 on Friday. Adtalem Global Education Inc. has a twelve month low of $33.59 and a twelve month high of $62.99. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.70 and a beta of 0.93. The firm’s 50 day moving average price is $57.77 and its two-hundred day moving average price is $50.58.

Adtalem Global Education (NYSE:ATGEGet Free Report) last issued its earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.23. The company had revenue of $393.24 million during the quarter, compared to analyst estimates of $372.79 million. Adtalem Global Education had a net margin of 7.93% and a return on equity of 13.05%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Equities analysts anticipate that Adtalem Global Education Inc. will post 4.65 EPS for the current year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, SVP Blake Simpson sold 550 shares of Adtalem Global Education stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $59.23, for a total transaction of $32,576.50. Following the completion of the sale, the senior vice president now owns 7,986 shares of the company’s stock, valued at approximately $473,010.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Adtalem Global Education news, CMO Maurice Herrera sold 4,200 shares of Adtalem Global Education stock in a transaction on Friday, December 8th. The shares were sold at an average price of $60.00, for a total transaction of $252,000.00. Following the completion of the sale, the chief marketing officer now owns 24,519 shares of the company’s stock, valued at approximately $1,471,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Blake Simpson sold 550 shares of Adtalem Global Education stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $59.23, for a total transaction of $32,576.50. Following the completion of the sale, the senior vice president now directly owns 7,986 shares of the company’s stock, valued at approximately $473,010.78. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barrington Research lifted their price target on shares of Adtalem Global Education from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, January 19th. Robert W. Baird upgraded shares of Adtalem Global Education from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $47.00 to $55.00 in a research report on Friday, October 27th. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $56.67.

Check Out Our Latest Report on Adtalem Global Education

Adtalem Global Education Company Profile

(Free Report)

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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