Rothschild & Co. Asset Management US Inc. lessened its stake in Adtalem Global Education Inc (NYSE:ATGE) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 829,405 shares of the company’s stock after selling 28,644 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Adtalem Global Education were worth $39,247,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Adtalem Global Education in the 2nd quarter valued at about $231,000. Public Employees Retirement System of Ohio acquired a new stake in Adtalem Global Education in the 2nd quarter valued at about $294,000. Schroder Investment Management Group raised its position in Adtalem Global Education by 3.5% in the 2nd quarter. Schroder Investment Management Group now owns 211,166 shares of the company’s stock valued at $9,883,000 after purchasing an additional 7,103 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Adtalem Global Education by 81.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,281,046 shares of the company’s stock worth $61,617,000 after acquiring an additional 574,347 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of Adtalem Global Education by 11.1% during the 2nd quarter. United Services Automobile Association now owns 12,012 shares of the company’s stock worth $578,000 after acquiring an additional 1,197 shares in the last quarter. Institutional investors and hedge funds own 99.65% of the company’s stock.
Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Adtalem Global Education from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Monday, November 5th. Zacks Investment Research lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Robert W. Baird raised their target price on Adtalem Global Education from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Piper Jaffray Companies raised their target price on Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a research report on Friday, November 2nd. Finally, Barrington Research reissued a “buy” rating and set a $62.00 target price on shares of Adtalem Global Education in a research report on Wednesday, January 9th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Adtalem Global Education presently has an average rating of “Buy” and an average target price of $58.60.
Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, February 7th. The company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. Adtalem Global Education had a return on equity of 11.41% and a net margin of 8.70%. The business had revenue of $316.60 million for the quarter, compared to analyst estimates of $318.95 million. During the same quarter last year, the company earned $0.76 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that Adtalem Global Education Inc will post 2.86 EPS for the current year.
In related news, insider Donna Jennings sold 6,950 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $57.83, for a total transaction of $401,918.50. Following the transaction, the insider now owns 19,080 shares in the company, valued at approximately $1,103,396.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.91% of the stock is currently owned by company insiders.
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About Adtalem Global Education
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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