Arizona State Retirement System Has $438,000 Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Arizona State Retirement System lessened its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,766 shares of the company’s stock after selling 390 shares during the quarter. Arizona State Retirement System’s holdings in Adtalem Global Education were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Adtalem Global Education by 65.2% during the 3rd quarter. Royal Bank of Canada now owns 727 shares of the company’s stock worth $27,000 after purchasing an additional 287 shares in the last quarter. US Bancorp DE boosted its stake in Adtalem Global Education by 76.7% in the 1st quarter. US Bancorp DE now owns 1,786 shares of the company’s stock valued at $53,000 after buying an additional 775 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Adtalem Global Education by 168.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,289 shares of the company’s stock valued at $88,000 after buying an additional 1,435 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Adtalem Global Education by 133.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,823 shares of the company’s stock valued at $103,000 after buying an additional 1,612 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in Adtalem Global Education by 210.5% in the 1st quarter. Captrust Financial Advisors now owns 2,881 shares of the company’s stock valued at $86,000 after buying an additional 1,953 shares in the last quarter. Institutional investors and hedge funds own 95.77% of the company’s stock.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 1,500 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $43.60, for a total transaction of $65,400.00. Following the sale, the director now owns 13,271 shares in the company, valued at $578,615.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director William W. Burke sold 1,500 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $43.60, for a total transaction of $65,400.00. Following the sale, the director now owns 13,271 shares in the company, valued at $578,615.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Manjunath Gangadharan sold 1,418 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $43.45, for a total value of $61,612.10. Following the sale, the chief accounting officer now owns 7,420 shares in the company, valued at approximately $322,399. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ATGE has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Adtalem Global Education in a research note on Friday, October 27th. BMO Capital Markets lifted their price objective on Adtalem Global Education from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 14th. Robert W. Baird upgraded Adtalem Global Education from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $47.00 to $55.00 in a research report on Friday, October 27th. Finally, StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Adtalem Global Education presently has an average rating of “Buy” and a consensus price target of $53.33.

Adtalem Global Education Stock Up 1.8 %

NYSE:ATGE opened at $55.20 on Monday. Adtalem Global Education Inc. has a 1 year low of $33.59 and a 1 year high of $55.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.50. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 0.82 and a beta of 0.98. The stock has a 50-day moving average price of $44.85 and a two-hundred day moving average price of $42.19.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, August 10th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $364.60 million during the quarter, compared to analysts’ expectations of $356.89 million. Adtalem Global Education had a return on equity of 12.98% and a net margin of 7.02%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. As a group, equities analysts expect that Adtalem Global Education Inc. will post 4.35 earnings per share for the current year.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.