Arizona State Retirement System Sells 390 Shares of Adtalem Global Education Inc (ATGE)

Arizona State Retirement System lowered its position in shares of Adtalem Global Education Inc (NYSE:ATGE) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,164 shares of the company’s stock after selling 390 shares during the period. Arizona State Retirement System owned 0.07% of Adtalem Global Education worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATGE. Wedge Capital Management L L P NC increased its stake in shares of Adtalem Global Education by 52.9% during the third quarter. Wedge Capital Management L L P NC now owns 2,695,797 shares of the company’s stock worth $129,937,000 after purchasing an additional 932,920 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Adtalem Global Education by 69.6% during the third quarter. Bank of New York Mellon Corp now owns 2,173,252 shares of the company’s stock worth $104,751,000 after purchasing an additional 892,206 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Adtalem Global Education during the third quarter worth approximately $32,687,000. William Blair Investment Management LLC increased its stake in shares of Adtalem Global Education by 7.4% during the third quarter. William Blair Investment Management LLC now owns 4,880,594 shares of the company’s stock worth $235,245,000 after purchasing an additional 338,066 shares during the period. Finally, FMR LLC increased its stake in shares of Adtalem Global Education by 43.5% during the third quarter. FMR LLC now owns 979,947 shares of the company’s stock worth $47,233,000 after purchasing an additional 297,126 shares during the period. Institutional investors own 99.65% of the company’s stock.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Robert W. Baird increased their price target 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. Piper Jaffray Companies increased their price target on Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. BMO Capital Markets increased their price target 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. Finally, Barrington Research reissued a “buy” rating and set a $62.00 price target on shares of Adtalem Global Education in a research report on Wednesday, January 9th. Two 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 a consensus rating of “Buy” and a consensus target price of $58.60.

In related news, insider Donna Jennings sold 6,950 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $57.83, for a total transaction of $401,918.50. Following the sale, the insider now owns 19,080 shares of the company’s stock, valued at $1,103,396.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.91% of the company’s stock.

Shares of NYSE:ATGE opened at $48.24 on Thursday. The company has a market cap of $2.76 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.26 and a beta of 0.94. Adtalem Global Education Inc has a 1 year low of $43.50 and a 1 year high of $58.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.07 and a current ratio of 2.07.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.74 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.74. The business had revenue of $316.60 million for the quarter, compared to the consensus estimate of $318.95 million. Adtalem Global Education had a return on equity of 11.41% and a net margin of 8.70%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. On average, analysts anticipate that Adtalem Global Education Inc will post 2.86 EPS for the current fiscal year.

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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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