Teacher Retirement System of Texas purchased a new stake in shares of Adtalem Global Education Inc (NYSE:ATGE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,038 shares of the company’s stock, valued at approximately $843,000.
Several other large investors have also modified their holdings of the company. Wedge Capital Management L L P NC bought a new stake in shares of Adtalem Global Education during the fourth quarter worth $45,234,000. Wells Fargo & Company MN raised its holdings in Adtalem Global Education by 11.8% in the third quarter. Wells Fargo & Company MN now owns 2,347,206 shares of the company’s stock worth $84,147,000 after purchasing an additional 248,335 shares in the last quarter. American Century Companies Inc. raised its holdings in Adtalem Global Education by 39.5% in the fourth quarter. American Century Companies Inc. now owns 360,450 shares of the company’s stock worth $15,157,000 after purchasing an additional 102,142 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Adtalem Global Education during the fourth quarter worth about $3,766,000. Finally, Comerica Bank grew its stake in shares of Adtalem Global Education by 129.7% during the fourth quarter. Comerica Bank now owns 112,202 shares of the company’s stock worth $5,212,000 after acquiring an additional 63,364 shares during the last quarter.
ATGE has been the subject of a number of analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $59.00 price target on shares of Adtalem Global Education in a report on Monday, December 4th. Robert W. Baird reissued a “hold” rating on shares of Adtalem Global Education in a research note on Thursday, December 7th. BMO Capital Markets reiterated a “hold” rating and set a $49.00 price target on shares of Adtalem Global Education in a report on Wednesday, January 17th. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, ValuEngine raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $50.33.
In other news, SVP Donna Jennings sold 4,582 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the sale, the senior vice president now directly owns 16,794 shares in the company, valued at approximately $755,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lisa W. Wardell sold 61,056 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $49.80, for a total value of $3,040,588.80. Following the completion of the transaction, the insider now directly owns 168,157 shares of the company’s stock, valued at $8,374,218.60. The disclosure for this sale can be found here. Insiders sold 299,868 shares of company stock valued at $14,057,838 over the last quarter. Insiders own 3.04% of the company’s stock.
Adtalem Global Education Inc (NYSE ATGE) traded down $0.05 during trading on Wednesday, hitting $49.45. The company had a trading volume of 420,237 shares, compared to its average volume of 618,766. The stock has a market capitalization of $2,998.78, a P/E ratio of 309.38, a PEG ratio of 1.94 and a beta of 0.97. Adtalem Global Education Inc has a 12-month low of $30.15 and a 12-month high of $50.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.58 and a current ratio of 1.58.
Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. The company had revenue of $337.24 million during the quarter, compared to analysts’ expectations of $435.56 million. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. research analysts expect that Adtalem Global Education Inc will post 2.77 EPS for the current fiscal year.
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Adtalem Global Education Company Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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