Alpha Windward LLC Invests $450,000 in Adtalem Global Education Inc (NYSE:ATGE) Stock

Alpha Windward LLC acquired a new position in Adtalem Global Education Inc (NYSE:ATGE) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,720 shares of the company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Adtalem Global Education by 1.8% during the 4th quarter. BlackRock Inc. now owns 6,812,266 shares of the company’s stock valued at $322,355,000 after acquiring an additional 123,662 shares during the period. Vanguard Group Inc. boosted its holdings in Adtalem Global Education by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,336,713 shares of the company’s stock worth $257,230,000 after buying an additional 62,165 shares during the period. Vanguard Group Inc boosted its holdings in Adtalem Global Education by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 5,336,713 shares of the company’s stock worth $257,230,000 after buying an additional 62,165 shares during the period. Bank of New York Mellon Corp boosted its holdings in Adtalem Global Education by 69.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,173,252 shares of the company’s stock worth $104,751,000 after buying an additional 892,206 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Adtalem Global Education by 50.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,019,225 shares of the company’s stock worth $48,229,000 after buying an additional 341,075 shares during the period. Institutional investors own 96.17% of the company’s stock.

ATGE has been the subject of several research reports. ValuEngine downgraded shares of Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Barrington Research reissued a “buy” rating and set a $62.00 price objective on shares of Adtalem Global Education in a report on Friday, May 3rd. Finally, Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $58.60.

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

Adtalem Global Education stock traded up $0.84 during midday trading on Friday, reaching $45.46. The stock had a trading volume of 419,200 shares, compared to its average volume of 345,280. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. Adtalem Global Education Inc has a 52-week low of $43.50 and a 52-week high of $58.80. The firm has a market capitalization of $2.65 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The company had revenue of $308.61 million for the quarter, compared to analyst estimates of $315.35 million. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. Research analysts anticipate that Adtalem Global Education Inc will post 2.84 earnings per share for the current fiscal year.

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Adtalem Global Education Company 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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