ProShare Advisors LLC Has $409,000 Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

ProShare Advisors LLC reduced its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 24.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,993 shares of the company’s stock after selling 1,896 shares during the quarter. ProShare Advisors LLC’s holdings in Adtalem Global Education were worth $409,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ATGE. Norges Bank acquired a new position in shares of Adtalem Global Education during the fourth quarter worth about $9,656,000. Capital World Investors bought a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $57,787,000. CenterBook Partners LP acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at approximately $603,000. Intrinsic Edge Capital Management LLC lifted its position in shares of Adtalem Global Education by 26.6% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 310,078 shares of the company’s stock worth $18,279,000 after purchasing an additional 65,201 shares in the last quarter. Finally, Bridgewater Associates LP boosted its holdings in Adtalem Global Education by 125.3% during the fourth quarter. Bridgewater Associates LP now owns 226,791 shares of the company’s stock worth $13,369,000 after purchasing an additional 126,114 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $75.37 on Wednesday. The company has a fifty day moving average price of $74.27 and a two-hundred day moving average price of $65.30. Adtalem Global Education Inc. has a one year low of $41.89 and a one year high of $80.18. The stock has a market cap of $2.83 billion, a P/E ratio of 28.33, a P/E/G ratio of 0.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $409.91 million during the quarter, compared to the consensus estimate of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. Adtalem Global Education’s revenue was up 12.4% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. As a group, equities analysts predict that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Analyst Upgrades and Downgrades

ATGE has been the topic of several recent research reports. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Adtalem Global Education in a research report on Thursday, August 29th. Finally, StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the sale, the director now owns 94,804 shares in the company, valued at approximately $6,779,434.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Lisa W. Wardell sold 24,637 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the transaction, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the sale, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. The disclosure for this sale can be found here. In the last three months, insiders sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is owned by company insiders.

Adtalem Global Education Company Profile

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.