JPMorgan Chase & Co. Lowers Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

JPMorgan Chase & Co. reduced its position in Adtalem Global Education Inc. (NYSE:ATGE) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 387,737 shares of the company’s stock after selling 3,096 shares during the quarter. JPMorgan Chase & Co. owned about 1.03% of Adtalem Global Education worth $29,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATGE. State Street Corp lifted its position in Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after acquiring an additional 23,464 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after purchasing an additional 1,328,462 shares during the period. Wellington Management Group LLP boosted its stake in shares of Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares during the period. LSV Asset Management increased its stake in Adtalem Global Education by 2,360.6% during the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock worth $43,973,000 after buying an additional 618,466 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Adtalem Global Education by 34.3% in the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock worth $12,742,000 after buying an additional 47,700 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Adtalem Global Education Stock Performance

ATGE opened at $93.76 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.52 billion, a PE ratio of 21.46, a P/E/G ratio of 1.01 and a beta of 0.96. The business has a fifty day simple moving average of $89.19 and a 200-day simple moving average of $78.84. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $97.37.

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, beating the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same period in the previous year, the business earned $0.93 EPS. The company’s revenue was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate 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.