Northern Trust Corporation reduced its holdings in Adtalem Global Education, Inc. (NYSE:ATGE – Free Report) by 3.7% in the 3rd quarter, Holdings Channel.com reported. The fund now owns 511,857 shares of the company's stock after selling 19,593 shares during the quarter. Northern Trust Corporation's holdings in Adtalem Global Education were valued at $21,933,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ariel Investments LLC grew its holdings in Adtalem Global Education by 12.2% in the 1st quarter. Ariel Investments LLC now owns 5,641,162 shares of the company's stock valued at $167,599,000 after acquiring an additional 611,402 shares during the period. Vanguard Group Inc. raised its stake in Adtalem Global Education by 2.2% during the first quarter. Vanguard Group Inc. now owns 5,303,942 shares of the company's stock valued at $157,581,000 after purchasing an additional 115,954 shares during the last quarter. State Street Corporation lifted its stake in Adtalem Global Education by 1.8% in the 1st quarter. State Street Corporation now owns 1,575,281 shares of the company's stock valued at $60,837,000 after purchasing an additional 27,748 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Adtalem Global Education by 26.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,212,467 shares of the company's stock valued at $51,954,000 after purchasing an additional 257,182 shares during the last quarter. Finally, AllianceBernstein LP raised its stake in shares of Adtalem Global Education by 4.3% during the 2nd quarter. AllianceBernstein LP now owns 1,189,393 shares of the company's stock valued at $40,844,000 after purchasing an additional 48,976 shares during the last quarter. Institutional investors and hedge funds own 95.77% of the company's stock.
Adtalem Global Education Trading rose 2.1%
Adtalem Global Education shares began trading at $50.09 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of 18.35x, a P/E ratio of 0.71x, and a beta of 0.92x. The stock's 50-day moving average price is $52.97 and its 200-day moving average price is $51.36. Adtalem Global Education Inc. has a 52-week low of $33.59 and a 52-week high of $62.99. The company has a current ratio of 0.95, a quick ratio of 0.95, and a debt-to-equity ratio of 0.51.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The company reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.23. The company had revenue of $393.24 million for the quarter, compared to analyst expectations of $372.79 million. Adtalem Global Education had a return on equity of 13.05% and a net profit margin of 7.93%. The company's quarterly sales increased 8.4% compared to the same period last year. His EPS for the same business in the same period last year was $1.17. Equity research analysts predict that Adtalem Global Education Inc. will post his 4.64 earnings per share for the current fiscal year.
Analyst upgrades and downgrades
ATGE has been the subject of several research reports. Barrington Research increased their target price on Adtalem Global Education from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. StockNews.com downgraded Adtalem Global Education from a “strong buy” rating to a “buy” rating in a research note on Wednesday, February 7th. According to MarketBeat, 4 research analysts have rated the stock a Buy, with the current average rating of the stock a Buy and a consensus price target of $56.67.
Read the latest research report on Adtalem Global Education
Adtalem Global Education Profile
(Free report)
Adtalem Global Education Inc provides workforce solutions around the world. The company operates through three segments: Chamberlain, Walden, Medical and Veterinary. The Chamberlain Division offers degree and non-degree programs in the nursing and health professions higher education industry. This segment operates Chamberlain University.
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Curious if other hedge funds own ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Adtalem Global Education Inc. (NYSE:ATGE – Free Report).
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