Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Mitsubishi UFJ Trust & Banking Corp lowered its position in Adtalem Global Education Inc. (NYSE:ATGE) by 12.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,237 shares of the company’s stock after selling 881 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Adtalem Global Education were worth $214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ATGE. Bank of Montreal Can purchased a new position in Adtalem Global Education during the second quarter worth approximately $2,753,000. FMR LLC raised its position in shares of Adtalem Global Education by 3.0% during the 1st quarter. FMR LLC now owns 4,931,808 shares of the company’s stock valued at $190,466,000 after buying an additional 143,109 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Adtalem Global Education by 23.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 38,900 shares of the company’s stock valued at $1,502,000 after acquiring an additional 7,406 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Adtalem Global Education by 96.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,495 shares of the company’s stock worth $154,000 after acquiring an additional 2,206 shares during the period. Finally, Jennison Associates LLC acquired a new stake in Adtalem Global Education during the second quarter worth $642,000. Institutional investors and hedge funds own 95.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ATGE shares. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 14th. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. Barrington Research reiterated an “outperform” rating and set a $55.00 target price on shares of Adtalem Global Education in a report on Friday, October 27th. Finally, Robert W. Baird upgraded shares of Adtalem Global Education from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $47.00 to $55.00 in a research note on Friday, October 27th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $53.33.

Insiders Place Their Bets

In related news, Director Lisa W. Wardell sold 20,233 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $55.01, for a total transaction of $1,113,017.33. Following the completion of the sale, the director now owns 161,238 shares in the company, valued at $8,869,702.38. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Lisa W. Wardell sold 20,233 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $55.01, for a total value of $1,113,017.33. Following the transaction, the director now directly owns 161,238 shares of the company’s stock, valued at approximately $8,869,702.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lisa W. Wardell sold 29,172 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $55.02, for a total transaction of $1,605,043.44. Following the completion of the sale, the director now directly owns 161,238 shares of the company’s stock, valued at $8,871,314.76. The disclosure for this sale can be found here. Insiders sold 50,823 shares of company stock valued at $2,779,673 in the last ninety days. Insiders own 2.20% of the company’s stock.

Adtalem Global Education Stock Up 0.1 %

Shares of Adtalem Global Education stock opened at $55.24 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.50. Adtalem Global Education Inc. has a 52-week low of $33.59 and a 52-week high of $56.42. The company has a market capitalization of $2.20 billion, a P/E ratio of 24.33, a P/E/G ratio of 0.86 and a beta of 0.98. The company has a 50 day moving average of $47.11 and a 200 day moving average of $43.24.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $368.85 million for the quarter, compared to analyst estimates of $362.42 million. Adtalem Global Education had a net margin of 7.02% and a return on equity of 12.98%. As a group, research analysts forecast that Adtalem Global Education Inc. will post 4.31 EPS for the current fiscal 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.