Bank of Montreal Can Has $567,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Bank of Montreal Can reduced its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 88.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,242 shares of the company’s stock after selling 48,252 shares during the quarter. Bank of Montreal Can’s holdings in Adtalem Global Education were worth $567,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after purchasing an additional 110 shares during the period. US Bancorp DE boosted its holdings in Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after acquiring an additional 151 shares in the last quarter. GAMMA Investing LLC grew its stake in Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after acquiring an additional 177 shares during the period. Handelsbanken Fonder AB raised its position in shares of Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock worth $763,000 after purchasing an additional 200 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company’s stock worth $136,000 after purchasing an additional 231 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $106.04 on Monday. The company has a market capitalization of $3.95 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company’s 50-day moving average is $100.78 and its 200 day moving average is $93.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a fifty-two week low of $46.18 and a fifty-two week high of $112.44.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares of the company’s stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock worth $1,386,048 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Barrington Research reissued an “outperform” rating and set a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 15th. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th.

Adtalem Global Education Company Profile

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.