Teacher Retirement System of Texas cut its holdings in Adtalem Global Education Inc. (NYSE:ATGE – Free Report) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 25,134 shares of the company’s stock after selling 361 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Adtalem Global Education worth $863,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Royal Bank of Canada boosted its stake in Adtalem Global Education by 65.2% during the 3rd quarter. Royal Bank of Canada now owns 727 shares of the company’s stock valued at $27,000 after purchasing an additional 287 shares during the period. US Bancorp DE grew its stake in shares of Adtalem Global Education by 76.7% in the first quarter. US Bancorp DE now owns 1,786 shares of the company’s stock worth $53,000 after purchasing an additional 775 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Adtalem Global Education by 210.5% during the first quarter. Captrust Financial Advisors now owns 2,881 shares of the company’s stock valued at $86,000 after purchasing an additional 1,953 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Adtalem Global Education by 168.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,289 shares of the company’s stock valued at $88,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Adtalem Global Education in the first quarter worth about $101,000. Institutional investors own 95.77% of the company’s stock.
Insider Transactions at Adtalem Global Education
In other Adtalem Global Education news, Director William W. Burke sold 1,500 shares of Adtalem Global Education stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $43.60, for a total transaction of $65,400.00. Following the transaction, the director now directly owns 13,271 shares in the company, valued at approximately $578,615.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Manjunath Gangadharan sold 1,418 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $43.45, for a total value of $61,612.10. Following the completion of the sale, the chief accounting officer now directly owns 7,420 shares of the company’s stock, valued at approximately $322,399. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William W. Burke sold 1,500 shares of Adtalem Global Education stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $43.60, for a total value of $65,400.00. Following the transaction, the director now directly owns 13,271 shares in the company, valued at approximately $578,615.60. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Adtalem Global Education
Adtalem Global Education Trading Up 3.3 %
Shares of NYSE:ATGE opened at $45.89 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 0.68 and a beta of 0.96. Adtalem Global Education Inc. has a 1-year low of $33.59 and a 1-year high of $47.25. The company has a 50 day moving average price of $43.57 and a 200 day moving average price of $41.10.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last announced its earnings results on Thursday, August 10th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $364.60 million for the quarter, compared to analyst estimates of $356.89 million. Adtalem Global Education had a return on equity of 12.80% and a net margin of 6.51%. Adtalem Global Education’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.31 earnings per share. On average, research analysts anticipate that Adtalem Global Education Inc. will post 4.31 EPS for the current fiscal year.
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.
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