Bank of Montreal Can Has $567,000 Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Bank of Montreal Can lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 88.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,242 shares of the company's stock after selling 48,252 shares during the quarter. Bank of Montreal Can's holdings in Adtalem Global Education were worth $567,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Trek Financial LLC increased its position in shares of Adtalem Global Education by 11.6% during the 4th quarter. Trek Financial LLC now owns 4,007 shares of the company's stock worth $364,000 after purchasing an additional 415 shares in the last quarter. Federated Hermes Inc. raised its position in Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after purchasing an additional 231 shares during the last quarter. Aristides Capital LLC bought a new position in Adtalem Global Education in the fourth quarter valued at about $332,000. Russell Investments Group Ltd. grew its position in shares of Adtalem Global Education by 200.5% during the 4th quarter. Russell Investments Group Ltd. now owns 55,360 shares of the company's stock worth $5,029,000 after buying an additional 36,937 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth $234,000. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATGE has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Jefferies Financial Group started coverage on Adtalem Global Education in a research note on Wednesday. They set a "buy" rating and a $135.00 price objective on the stock. Barrington Research reaffirmed an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Finally, StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Five equities research 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 an average target price of $110.00.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company's stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the sale, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock valued at $1,386,048 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Stock Down 0.2 %

Adtalem Global Education stock traded down $0.24 during midday trading on Friday, reaching $104.21. The stock had a trading volume of 56,360 shares, compared to its average volume of 438,824. Adtalem Global Education Inc. has a 1-year low of $46.50 and a 1-year high of $112.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm's fifty day simple moving average is $100.67 and its 200-day simple moving average is $93.79. The stock has a market capitalization of $3.88 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, analysts expect that Adtalem Global Education Inc. will post 6.2 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.