Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 82.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,366 shares of the company’s stock after selling 10,894 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Adtalem Global Education were worth $215,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System raised its position in shares of Adtalem Global Education by 1.0% in the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after acquiring an additional 110 shares during the period. Edgestream Partners L.P. acquired a new position in Adtalem Global Education in the 3rd quarter worth about $2,314,000. Bailard Inc. purchased a new position in Adtalem Global Education during the fourth quarter worth approximately $379,000. Smith Group Asset Management LLC purchased a new position in Adtalem Global Education during the fourth quarter worth approximately $614,000. Finally, State Street Corp grew its holdings in Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after purchasing an additional 23,464 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $98.85 on Monday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 18.41, a PEG ratio of 1.05 and a beta of 0.95. The business has a 50 day simple moving average of $100.24 and a two-hundred day simple moving average of $88.84. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. 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 (NYSE:ATGE) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock 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 Tuesday, March 18th. Finally, Barrington Research increased their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

Insider Activity

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock worth $1,386,048 over the last three months. Insiders own 2.00% of the company’s stock.

About Adtalem Global Education

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.