Arizona State Retirement System boosted its stake in shares of Adtalem Global Education Inc (NYSE:ATGE) by 2.6% during the 2nd quarter, Holdings Channel reports. The fund owned 41,814 shares of the company’s stock after purchasing an additional 1,056 shares during the period. Arizona State Retirement System’s holdings in Adtalem Global Education were worth $2,011,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Rothschild Asset Management Inc. boosted its position in shares of Adtalem Global Education by 2.5% during the second quarter. Rothschild Asset Management Inc. now owns 879,936 shares of the company’s stock valued at $42,325,000 after buying an additional 21,761 shares during the period. SG Americas Securities LLC boosted its position in shares of Adtalem Global Education by 47.2% during the second quarter. SG Americas Securities LLC now owns 81,291 shares of the company’s stock valued at $3,910,000 after buying an additional 26,053 shares during the period. Strs Ohio boosted its position in shares of Adtalem Global Education by 5.4% during the second quarter. Strs Ohio now owns 31,100 shares of the company’s stock valued at $1,495,000 after buying an additional 1,600 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Adtalem Global Education by 81.3% during the second quarter. Bank of New York Mellon Corp now owns 1,281,046 shares of the company’s stock valued at $61,617,000 after buying an additional 574,347 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Adtalem Global Education during the second quarter valued at approximately $782,000. Institutional investors and hedge funds own 94.09% of the company’s stock.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. BMO Capital Markets restated a “buy” rating and set a $56.00 target price on shares of Adtalem Global Education in a research report on Wednesday, July 11th. Barrington Research boosted their target price on Adtalem Global Education from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, July 9th. Finally, First Analysis boosted their price target on Adtalem Global Education to $56.00 and gave the company an “overweight” rating in a report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $55.60.
In related news, Director Ronald L. Taylor sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $48.36, for a total value of $725,400.00. Following the completion of the transaction, the director now owns 510,615 shares of the company’s stock, valued at $24,693,341.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Carlos Filgueiras sold 12,426 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $48.32, for a total transaction of $600,424.32. Following the completion of the transaction, the insider now directly owns 16,482 shares of the company’s stock, valued at approximately $796,410.24. The disclosure for this sale can be found here. Insiders sold 90,433 shares of company stock valued at $4,438,615 in the last quarter. 3.04% of the stock is owned by company insiders.
Shares of NYSE ATGE opened at $46.55 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.88 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.87 billion, a P/E ratio of 16.74, a PEG ratio of 1.30 and a beta of 0.99. Adtalem Global Education Inc has a 52-week low of $30.71 and a 52-week high of $56.45.
Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, August 16th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.05). The firm had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $352.68 million. Adtalem Global Education had a net margin of 2.38% and a return on equity of 10.49%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. analysts anticipate that Adtalem Global Education Inc will post 2.78 EPS for the current year.
Adtalem Global Education Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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