BNP Paribas Financial Markets Has $1.20 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

BNP Paribas Financial Markets reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGEFree Report) by 30.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,270 shares of the company’s stock after selling 8,947 shares during the period. BNP Paribas Financial Markets owned approximately 0.05% of Adtalem Global Education worth $1,195,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATGE. Skandinaviska Enskilda Banken AB publ acquired a new position in Adtalem Global Education during the third quarter valued at approximately $56,000. Blue Trust Inc. raised its position in Adtalem Global Education by 41.4% during the fourth quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock valued at $61,000 after purchasing an additional 305 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Adtalem Global Education by 19.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock valued at $75,000 after purchasing an additional 210 shares in the last quarter. Center for Financial Planning Inc. raised its position in Adtalem Global Education by 50.3% during the fourth quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock valued at $113,000 after purchasing an additional 639 shares in the last quarter. Finally, Trust Investment Advisors acquired a new position in Adtalem Global Education during the fourth quarter valued at approximately $205,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $65.54 on Tuesday. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 0.89 and a beta of 0.92. Adtalem Global Education Inc. has a twelve month low of $33.59 and a twelve month high of $67.69. The stock has a fifty day simple moving average of $54.46 and a 200 day simple moving average of $54.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49.

Adtalem Global Education (NYSE:ATGEGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.34. The business had revenue of $412.70 million during the quarter, compared to the consensus estimate of $391.68 million. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. Adtalem Global Education’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Sell-side analysts expect that Adtalem Global Education Inc. will post 4.9 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. 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 upped their price target on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Robert W. Baird upped their price target on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd.

Read Our Latest Report on Adtalem Global Education

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 946 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total transaction of $62,199.50. Following the sale, the chief accounting officer now owns 6,040 shares of the company’s stock, valued at $397,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Adtalem Global Education Profile

(Free Report)

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.

See Also

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

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