Charles Schwab Investment Management Inc. Decreases Position in Adtalem Global Education Inc. (NYSE:ATGE)

Charles Schwab Investment Management Inc. cut its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 590,019 shares of the company’s stock after selling 13,259 shares during the period. Charles Schwab Investment Management Inc. owned about 1.57% of Adtalem Global Education worth $44,535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATGE. Intech Investment Management LLC grew its position in shares of Adtalem Global Education by 94.3% during the third quarter. Intech Investment Management LLC now owns 18,043 shares of the company’s stock worth $1,362,000 after buying an additional 8,759 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Adtalem Global Education during the 3rd quarter worth $27,000. Quest Partners LLC grew its stake in shares of Adtalem Global Education by 173.4% during the third quarter. Quest Partners LLC now owns 14,204 shares of the company’s stock worth $1,072,000 after purchasing an additional 9,008 shares in the last quarter. Natixis Advisors LLC purchased a new position in Adtalem Global Education in the third quarter valued at $828,000. Finally, GHE LLC acquired a new stake in Adtalem Global Education in the third quarter valued at $283,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on ATGE shares. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barrington Research boosted their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Stock Up 0.7 %

Shares of NYSE ATGE opened at $91.41 on Monday. The stock has a market cap of $3.43 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93. The business has a 50-day moving average price of $80.19 and a 200 day moving average price of $73.91. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Equities research analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 7,292 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at $7,576,628.50. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by insiders.

Adtalem Global Education 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.