Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of Adtalem Global Education Inc (NYSE:ATGE) by 54.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,789 shares of the company’s stock after selling 4,621 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Adtalem Global Education were worth $183,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ontario Teachers Pension Plan Board bought a new position in shares of Adtalem Global Education in the third quarter valued at $5,090,000. Elk Creek Partners LLC grew its stake in shares of Adtalem Global Education by 1.6% in the third quarter. Elk Creek Partners LLC now owns 418,779 shares of the company’s stock valued at $20,185,000 after buying an additional 6,698 shares in the last quarter. FMR LLC grew its stake in shares of Adtalem Global Education by 43.5% in the third quarter. FMR LLC now owns 979,947 shares of the company’s stock valued at $47,233,000 after buying an additional 297,126 shares in the last quarter. American International Group Inc. grew its stake in shares of Adtalem Global Education by 0.9% in the third quarter. American International Group Inc. now owns 160,474 shares of the company’s stock valued at $7,735,000 after buying an additional 1,364 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Adtalem Global Education by 1.5% during the 3rd quarter. BlackRock Inc. now owns 6,688,604 shares of the company’s stock valued at $322,391,000 after purchasing an additional 96,315 shares during the last quarter. 98.27% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Christopher C. Nash sold 28,161 shares of Adtalem Global Education stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $57.57, for a total transaction of $1,621,228.77. Following the completion of the sale, the senior vice president now owns 33,117 shares of the company’s stock, valued at $1,906,545.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Donna Jennings sold 6,950 shares of Adtalem Global Education stock in a transaction on Friday, November 30th. The stock was sold at an average price of $57.83, for a total value of $401,918.50. Following the sale, the insider now directly owns 19,080 shares of the company’s stock, valued at approximately $1,103,396.40. The disclosure for this sale can be found here. Insiders have sold 40,044 shares of company stock valued at $2,299,291 in the last three months. Insiders own 1.91% of the company’s stock.
Shares of Adtalem Global Education stock opened at $52.76 on Friday. Adtalem Global Education Inc has a 1 year low of $41.76 and a 1 year high of $58.80. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 1.44 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.61.
Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. Adtalem Global Education had a return on equity of 11.43% and a net margin of 0.89%. The business had revenue of $284.19 million during the quarter, compared to the consensus estimate of $296.12 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts forecast that Adtalem Global Education Inc will post 2.85 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. BMO Capital Markets raised their price target on Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Robert W. Baird raised their price target on Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Piper Jaffray Companies raised their price target on Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Zacks Investment Research raised Adtalem Global Education from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Barrington Research reaffirmed a “buy” rating and set a $60.00 price target on shares of Adtalem Global Education in a report on Tuesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Adtalem Global Education currently has an average rating of “Buy” and a consensus target price of $58.20.
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Adtalem Global Education Company Profile
Adtalem Global Education, Inc engages in the provision of educational services. It operates through the following segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment includes the operations of Ross University medical and veterinary schools, Chamberlain College of Nursing and Carrington.
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