Vanguard Group reduced its position in Adtalem Global Education, Inc. (NYSE:ATGE – Free Report) by 3.2% in the third quarter, according to the company's latest Form 13F filing with the Securities and Exchange Commission. . The institutional investor owned 4,539,317 shares of the company's stock after selling 148,633 shares during the same quarter. Vanguard Group Inc. owned approximately 0.11% of Adtalem Global Education, valued at $194.51 million, at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company's stock. Comerica Bank increased its holdings in shares of Ad Talem Global Education by 580.3% in the 3rd quarter. Comerica Bank now owns 122,427 shares of the company's stock valued at $5,246,000 after purchasing an additional 104,431 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of his Adtalem Global Education in the 3rd quarter valued at approximately $653,000. Deutsche Bank raised its holdings in shares of Adtalem Global Education by 11.9% in the 3rd quarter. Deutsche Bank now owns 27,583 shares of the company's stock valued at $1,182,000 after purchasing an additional 2,936 shares in the last quarter. Illinois City Retirement Fund purchased a new stake in Adtalem Global Education in the 3rd quarter valued at approximately $1.06 million. Finally, Cambria Investment Management LP raised his holdings in shares of Adtalem Global Education by 7.0% in the 3rd quarter. Cambria Investment Management LP now owns 205,025 shares of the company's stock valued at $8,785,000 after purchasing an additional 13,475 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.
Adtalem Global Education trades down 0.8%
ATGE stock opened at $51.40 on Friday. The company's 50 day simple moving average is $50.46 and its 200 day simple moving average is $52.02. The company has a market capitalization of $2.01 billion, a P/E ratio of 18.83x, a P/E ratio of 0.74x, and a beta of 0.92x. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95, and a quick ratio of 0.95. Adtalem Global Education Inc. has a 1 year low of $33.59 and a 1 year high of $62.99.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last issued its earnings results on Wednesday, January 31st. The company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.23. The business had revenue of $393.24 million for the quarter, compared to the consensus estimate of $372.79 million. Adtalem Global Education had a net profit margin of 7.93% and a return on equity of 13.05%. Adtalem Global Education's quarterly revenue increased 8.4% from the year-ago period. The company's earnings per share for the same period last year were $1.17. Sell-side analysts expect Adtalem Global Education to post earnings per share of $4.64 for the current fiscal year.
Analyst upgrades and downgrades
Recently, many brokerage firms have published reports on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a “strong buy” rating to a “buy” rating in a report on Wednesday, February 7th. Barrington Research increased their target price on shares of Adtalem Global Education from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. According to MarketBeat, 4 investment analysts rate the stock as a “buy,” giving the company a consensus rating of “buy” and a consensus price target of $56.67.
Check out the latest 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.
Featured Stories
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).
Receive news and reviews from Adtalem Global Education Daily – Enter your email address below to receive a concise, daily summary of the latest news and analyst ratings on Adtalem Global Education and related companies with MarketBeat.com's free daily email newsletter.