American Century Companies Inc. Has $15.25 Million Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Posted by Defense World Staff on Jun 8th, 2023

American Century Companies Inc. boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE – Get Rating) by 27.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,606 shares of the company’s stock after purchasing an additional 92,962 shares during the period. American Century Companies Inc. owned 0.95% of Adtalem Global Education worth $15,251,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ATGE. Ariel Investments LLC raised its holdings in shares of Adtalem Global Education by 12.2% in the first quarter. Ariel Investments LLC now owns 5,641,162 shares of the company’s stock valued at $167,599,000 after buying an additional 611,402 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Adtalem Global Education by 2.2% during the first quarter. Vanguard Group Inc. now owns 5,303,942 shares of the company’s stock worth $157,581,000 after purchasing an additional 115,954 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Adtalem Global Education by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,766,795 shares of the company’s stock valued at $133,721,000 after purchasing an additional 173,738 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Adtalem Global Education by 1,102.1% in the second quarter. Goldman Sachs Group Inc. now owns 922,481 shares of the company’s stock valued at $33,182,000 after purchasing an additional 845,743 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Adtalem Global Education by 15.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 766,756 shares of the company’s stock worth $22,781,000 after purchasing an additional 100,977 shares during the last quarter.

Adtalem Global Education Stock Up 0.8 %

NYSE:ATGE opened at $42.48 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.46. Adtalem Global Education Inc. has a 12-month low of $30.49 and a 12-month high of $44.40. The stock’s fifty day simple moving average is $40.73 and its 200-day simple moving average is $39.13. The firm has a market capitalization of $1.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 0.67 and a beta of 1.02.

Adtalem Global Education (NYSE:ATGE – Get Rating) last released its earnings results on Tuesday, May 2nd. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.21. The firm had revenue of $369.10 million for the quarter, compared to analyst estimates of $354.47 million. Adtalem Global Education had a return on equity of 13.67% and a net margin of 5.54%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities research analysts expect that Adtalem Global Education Inc. will post 4.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ATGE shares. StockNews.com assumed coverage on Adtalem Global Education in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company. TheStreet upgraded shares of Adtalem Global Education from a “c+” rating to a “b-” rating in a research report on Wednesday, May 3rd.

Insider Buying and Selling

In other Adtalem Global Education news, Director Lisa W. Wardell sold 71,400 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $40.45, for a total value of $2,888,130.00. Following the completion of the sale, the director now owns 180,034 shares of the company’s stock, valued at $7,282,375.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Adtalem Global Education news, Director Lisa W. Wardell sold 71,400 shares of Adtalem Global Education stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $40.45, for a total transaction of $2,888,130.00. Following the transaction, the director now directly owns 180,034 shares in the company, valued at $7,282,375.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lisa W. Wardell sold 7,940 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $41.24, for a total value of $327,445.60. Following the completion of the sale, the director now owns 275,528 shares of the company’s stock, valued at $11,362,774.72. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

Adtalem Global Education Company Profile

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Adtalem Global Education, Inc engages in the provision of workforce solutions. It operates through the following 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.