Adtalem Global Education (ATGE) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in shares of Adtalem Global Education (NYSE:ATGE) by 11.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,645 shares of the company’s stock after selling 1,885 shares during the quarter. M&T Bank Corp’s holdings in Adtalem Global Education were worth $696,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Hanseatic Management Services Inc. grew its holdings in shares of Adtalem Global Education by 18.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 7,521 shares of the company’s stock worth $316,000 after acquiring an additional 1,146 shares during the last quarter. Aperio Group LLC boosted its position in shares of Adtalem Global Education by 1.6% in the fourth quarter. Aperio Group LLC now owns 92,769 shares of the company’s stock worth $3,901,000 after buying an additional 1,493 shares during the period. SG Americas Securities LLC boosted its position in shares of Adtalem Global Education by 2.8% in the first quarter. SG Americas Securities LLC now owns 55,238 shares of the company’s stock worth $2,627,000 after buying an additional 1,529 shares during the period. ING Groep NV boosted its position in shares of Adtalem Global Education by 20.4% in the fourth quarter. ING Groep NV now owns 9,154 shares of the company’s stock worth $385,000 after buying an additional 1,551 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Adtalem Global Education by 1.2% in the fourth quarter. California Public Employees Retirement System now owns 210,915 shares of the company’s stock worth $8,869,000 after buying an additional 2,436 shares during the period. Institutional investors own 97.82% of the company’s stock.

In related news, insider Lisa W. Wardell sold 61,056 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $49.80, for a total transaction of $3,040,588.80. Following the transaction, the insider now directly owns 168,157 shares in the company, valued at $8,374,218.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donna Jennings sold 3,918 shares of the business’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $50.00, for a total value of $195,900.00. Following the transaction, the insider now owns 12,815 shares in the company, valued at $640,750. The disclosure for this sale can be found here. 3.04% of the stock is owned by insiders.

Shares of NYSE:ATGE opened at $46.95 on Tuesday. Adtalem Global Education has a fifty-two week low of $30.15 and a fifty-two week high of $50.15. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.82 and a beta of 0.94. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Adtalem Global Education had a return on equity of 10.06% and a net margin of 0.89%. The company had revenue of $342.19 million during the quarter, compared to analysts’ expectations of $342.79 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. analysts predict that Adtalem Global Education will post 2.76 EPS for the current fiscal year.

Several brokerages have recently commented on ATGE. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Barrington Research reaffirmed an “outperform” rating and issued a $57.00 target price on shares of Adtalem Global Education in a research report on Friday, May 4th. They noted that the move was a valuation call. BMO Capital Markets raised Adtalem Global Education from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, May 7th. They noted that the move was a valuation call. ValuEngine raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Finally, Robert W. Baird raised their target price on Adtalem Global Education from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Adtalem Global Education currently has a consensus rating of “Buy” and a consensus price target of $52.00.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.

Institutional Ownership by Quarter for Adtalem Global Education (NYSE:ATGE)

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