Bank of New York Mellon Corp Lowers Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Bank of New York Mellon Corp trimmed its position in Adtalem Global Education Inc. (NYSE:ATGE) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,099 shares of the company’s stock after selling 13,596 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of Adtalem Global Education worth $25,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATGE. USA Financial Formulas bought a new position in shares of Adtalem Global Education in the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new stake in Adtalem Global Education in the 3rd quarter worth $27,000. R Squared Ltd bought a new stake in Adtalem Global Education during the fourth quarter valued at about $70,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Adtalem Global Education in the third quarter valued at about $123,000. Finally, GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after acquiring an additional 177 shares during the period. Institutional investors own 98.84% of the company’s stock.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares of the company’s stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,997 shares of company stock valued at $1,386,048. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ATGE shares. BMO Capital Markets lifted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Barrington Research upped their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $90.93 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick 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 50 day simple moving average of $99.60 and a two-hundred day simple moving average of $87.36. The stock has a market capitalization of $3.39 billion, a PE ratio of 16.93, a P/E/G ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating 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%. On average, research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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.