Fort L.P. purchased a new position in Adtalem Global Education Inc (NYSE:ATGE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,139 shares of the company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATGE. Penserra Capital Management LLC acquired a new stake in Adtalem Global Education during the 4th quarter valued at $28,000. Enlightenment Research LLC acquired a new stake in Adtalem Global Education during the 4th quarter valued at $76,000. Bank of Montreal Can grew its holdings in Adtalem Global Education by 17.8% during the 4th quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock valued at $126,000 after buying an additional 405 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Adtalem Global Education by 772.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,792 shares of the company’s stock worth $134,000 after purchasing an additional 2,472 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Adtalem Global Education by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,218 shares of the company’s stock worth $200,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.

Shares of Adtalem Global Education stock opened at $48.84 on Friday. Adtalem Global Education Inc has a fifty-two week low of $43.50 and a fifty-two week high of $58.80. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.07 and a current ratio of 2.07.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.74 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.74. Adtalem Global Education had a return on equity of 11.41% and a net margin of 8.70%. The company had revenue of $316.60 million for the quarter, compared to analyst estimates of $318.95 million. During the same quarter in the prior year, the company posted $0.76 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Adtalem Global Education Inc will post 2.86 earnings per share for the current fiscal year.

ATGE has been the topic of a number of recent analyst reports. ValuEngine lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Barrington Research reissued a “buy” rating and set a $62.00 price target on shares of Adtalem Global Education in a research note on Wednesday, January 9th. Finally, Zacks Investment Research lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Adtalem Global Education currently has an average rating of “Buy” and a consensus price target of $58.60.

In related news, insider Carlos Filgueiras sold 3,205 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $48.22, for a total value of $154,545.10. Following the transaction, the insider now directly owns 11,775 shares of the company’s stock, valued at approximately $567,790.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James D. White sold 2,936 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $49.03, for a total value of $143,952.08. Following the completion of the transaction, the director now directly owns 6,523 shares in the company, valued at $319,822.69. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.

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Adtalem Global Education Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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Institutional Ownership by Quarter for Adtalem Global Education (NYSE:ATGE)

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