Adtalem Global Education Inc. (NYSE:ATGE) Stock Position Reduced by Amalgamated Bank

Amalgamated Bank decreased its position in Adtalem Global Education Inc. (NYSE:ATGE) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,968 shares of the company’s stock after selling 184 shares during the quarter. Amalgamated Bank’s holdings in Adtalem Global Education were worth $996,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATGE. State Street Corp increased its stake in Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after purchasing an additional 23,464 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Adtalem Global Education by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after buying an additional 6,842 shares during the last quarter. Principal Financial Group Inc. raised its stake in Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock worth $18,227,000 after acquiring an additional 7,069 shares during the period. Peregrine Asset Advisers Inc. lifted its holdings in Adtalem Global Education by 14.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company’s stock worth $8,831,000 after acquiring an additional 12,084 shares during the last quarter. Finally, Barclays PLC boosted its stake in Adtalem Global Education by 12.1% in the third quarter. Barclays PLC now owns 66,669 shares of the company’s stock valued at $5,031,000 after acquiring an additional 7,172 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Trading Down 2.6 %

NYSE:ATGE opened at $99.62 on Tuesday. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.43. The business has a fifty day moving average of $99.23 and a 200-day moving average of $86.70.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results 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%. Equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Barrington Research lifted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets boosted 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.

Insider Buying and Selling

In related news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares of the company’s stock, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock valued at $1,386,048 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

About Adtalem Global Education

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.