BNP Paribas Financial Markets cut its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 61.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,307 shares of the company's stock after selling 8,357 shares during the period. BNP Paribas Financial Markets' holdings in Adtalem Global Education were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in shares of Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after buying an additional 110 shares during the last quarter. US Bancorp DE increased its stake in shares of Adtalem Global Education by 4.8% during the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Adtalem Global Education by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock worth $356,000 after buying an additional 194 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock worth $763,000 after buying an additional 200 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock valued at $136,000 after purchasing an additional 231 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages recently commented on ATGE. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Barrington Research upped their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.
View Our Latest Research Report on Adtalem Global Education
Adtalem Global Education Price Performance
ATGE stock traded down $2.14 during midday trading on Thursday, reaching $130.51. 60,372 shares of the company's stock traded hands, compared to its average volume of 453,425. Adtalem Global Education Inc. has a 1-year low of $62.28 and a 1-year high of $140.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $112.36 and a two-hundred day simple moving average of $101.34. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.05 and a beta of 0.86.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million for the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The firm's revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. On average, analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
Adtalem Global Education announced that its board has authorized a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
Adtalem Global Education Profile
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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.
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