The State Board of Administration of Florida Retirement System lowered its stake in Adtalem Global Education Inc. (NYSE:ATGE – Get Rating) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,733 shares of the company’s stock after selling 940 shares during the period. The State Board of Administration of Florida Retirement System’s holdings in Adtalem Global Education were worth $683,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. USA Financial Portformulas Corp acquired a new stake in Adtalem Global Education in the 3rd quarter worth approximately $34,000. Nisa Investment Advisors LLC boosted its holdings in shares of Adtalem Global Education by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,050 shares of the company’s stock worth $38,000 after buying an additional 525 shares during the period. US Bancorp DE grew its stake in Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company’s stock valued at $53,000 after buying an additional 775 shares during the last quarter. Prospera Financial Services Inc bought a new position in Adtalem Global Education in the 2nd quarter worth $68,000. Finally, Captrust Financial Advisors lifted its position in Adtalem Global Education by 210.5% during the 1st quarter. Captrust Financial Advisors now owns 2,881 shares of the company’s stock worth $86,000 after acquiring an additional 1,953 shares during the last quarter.
Adtalem Global Education Stock Up 1.9 %
ATGE stock opened at $40.11 on Monday. Adtalem Global Education Inc. has a twelve month low of $19.14 and a twelve month high of $44.40. The company has a market cap of $1.82 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 0.65 and a beta of 1.01. The business’s 50-day simple moving average is $37.57 and its 200-day simple moving average is $38.49. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.46.
Adtalem Global Education (NYSE:ATGE – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.29. Adtalem Global Education has a return on equity of 13.13% and a net margin of 26.59%. The business had revenue of $363.30 million for the quarter, compared to the consensus estimate of $355.14 million. During the same period last year, the business earned $0.75 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, research analysts anticipate that Adetalem Global Education Inc. will post 4.05 earnings per share for the current year.
Insider Buying and Selling
In other Adtalem Global Education news, CMO Maurice Herrera sold 2,800 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $36.85, for a total transaction of $103,180.00. Following the sale, the chief marketing officer now directly owns 27,606 shares of the company’s stock, valued at $1,017,281.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via the SEC website. 3.30% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ATGE. Barrington Research reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Adtalem Global Education in a research report on Friday, February 3rd. TheStreet downgraded Adtalem Global Education from a “b-” rating to a “c+” rating in a research report on Thursday, December 29th. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 6th. Finally, BMO Capital Markets raised their price target on Adtalem Global Education from $44.00 to $46.00 and gave the company a “market performance” rating in a research report on Monday, November 7th.
About Adalem Global Education
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Adtalem Global Education, Inc engages in the provision of workforce solutions. It operates through the following 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.
Further Reading
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