Assenagon Asset Management S.A. purchased a new stake in Adtalem Global Education Inc (NYSE:ATGE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 28,128 shares of the company’s stock, valued at approximately $1,356,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. purchased a new position in Adtalem Global Education during the second quarter worth about $209,000. Seven Eight Capital LP purchased a new position in Adtalem Global Education during the third quarter worth about $213,000. Jane Street Group LLC purchased a new position in Adtalem Global Education during the second quarter worth about $231,000. Public Employees Retirement System of Ohio purchased a new position in Adtalem Global Education during the second quarter worth about $294,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Adtalem Global Education during the second quarter worth about $447,000. Institutional investors own 93.53% of the company’s stock.
In other news, SVP Christopher C. Nash sold 28,161 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $57.57, for a total value of $1,621,228.77. Following the completion of the transaction, the senior vice president now directly owns 33,117 shares in the company, valued at approximately $1,906,545.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald L. Taylor sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $48.64, for a total value of $2,432,000.00. Following the completion of the transaction, the insider now owns 450,615 shares of the company’s stock, valued at $21,917,913.60. The disclosure for this sale can be found here. Insiders sold a total of 110,021 shares of company stock valued at $5,625,090 over the last quarter. Company insiders own 1.91% of the company’s stock.
ATGE opened at $58.00 on Friday. Adtalem Global Education Inc has a 12-month low of $36.80 and a 12-month high of $58.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $3.29 billion, a PE ratio of 20.86, a PEG ratio of 1.48 and a beta of 0.71.
Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, November 1st. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $284.19 million during the quarter, compared to analysts’ expectations of $296.12 million. During the same period in the prior year, the business earned $0.41 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities research analysts expect that Adtalem Global Education Inc will post 2.85 EPS for the current year.
Several equities analysts recently commented on ATGE shares. Barrington Research restated a “buy” rating and set a $60.00 target price on shares of Adtalem Global Education in a research report on Friday, October 5th. BMO Capital Markets boosted their target price on Adtalem Global Education from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, November 5th. Zacks Investment Research upgraded Adtalem Global Education from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Piper Jaffray Companies boosted their target price on Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Finally, Robert W. Baird boosted their target price on Adtalem Global Education from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $58.20.
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Adtalem Global Education Company 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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