Geode Capital Management LLC Raises Stake in Adtalem Global Education Inc (NYSE:ATGE)

Geode Capital Management LLC lifted its position in shares of Adtalem Global Education Inc (NYSE:ATGE) by 5.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 625,608 shares of the company’s stock after buying an additional 32,474 shares during the quarter. Geode Capital Management LLC owned about 1.08% of Adtalem Global Education worth $29,603,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of Adtalem Global Education by 17.8% during the fourth quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock worth $126,000 after buying an additional 405 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Adtalem Global Education by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,218 shares of the company’s stock valued at $200,000 after purchasing an additional 429 shares in the last quarter. United Services Automobile Association raised its stake in Adtalem Global Education by 3.9% in the fourth quarter. United Services Automobile Association now owns 13,089 shares of the company’s stock valued at $619,000 after purchasing an additional 486 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Adtalem Global Education in the fourth quarter valued at about $28,000. Finally, Texas Permanent School Fund raised its stake in Adtalem Global Education by 1.9% in the fourth quarter. Texas Permanent School Fund now owns 38,442 shares of the company’s stock valued at $1,819,000 after purchasing an additional 733 shares in the last quarter. 96.24% of the stock is owned by institutional investors.

Adtalem Global Education stock traded down $0.57 during midday trading on Friday, reaching $48.00. The company’s stock had a trading volume of 174,052 shares, compared to its average volume of 270,283. Adtalem Global Education Inc has a 52 week low of $43.50 and a 52 week high of $58.80. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.77 billion, a PE ratio of 17.27, a P/E/G ratio of 1.27 and a beta of 0.84.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, February 7th. The company reported $0.74 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.74. The firm had revenue of $316.60 million for the quarter, compared to analysts’ expectations of $318.95 million. Adtalem Global Education had a return on equity of 11.41% and a net margin of 8.70%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. As a group, analysts expect that Adtalem Global Education Inc will post 2.86 earnings per share for the current year.

ATGE has been the subject of a number of analyst reports. ValuEngine downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Barrington Research reiterated a “buy” rating and issued a $62.00 target price on shares of Adtalem Global Education in a research report on Wednesday, January 9th. Finally, Zacks Investment Research cut Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $58.60.

In other news, insider Carlos Filgueiras sold 3,205 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $48.22, for a total transaction of $154,545.10. Following the sale, the insider now directly owns 11,775 shares in the company, valued at $567,790.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James D. White sold 2,936 shares of Adtalem Global Education stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $49.03, for a total value of $143,952.08. Following the completion of the transaction, the director now directly owns 6,523 shares in the company, valued at $319,822.69. The disclosure for this sale can be found here. Insiders own 1.91% of the company’s stock.

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Adtalem Global Education Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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

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