Ameriprise Financial Inc. Raises Position in Adtalem Global Education Inc (NYSE:ATGE)

Ameriprise Financial Inc. lifted its stake in shares of Adtalem Global Education Inc (NYSE:ATGE) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 780,590 shares of the company’s stock after buying an additional 12,120 shares during the period. Ameriprise Financial Inc. owned about 1.29% of Adtalem Global Education worth $27,983,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Comerica Bank acquired a new stake in shares of Adtalem Global Education in the 3rd quarter worth about $1,790,000. Rhumbline Advisers grew its position in shares of Adtalem Global Education by 4.7% during the 3rd quarter. Rhumbline Advisers now owns 134,210 shares of the company’s stock valued at $4,811,000 after acquiring an additional 6,042 shares during the period. Retirement Systems of Alabama grew its position in shares of Adtalem Global Education by 9.0% during the 3rd quarter. Retirement Systems of Alabama now owns 80,097 shares of the company’s stock valued at $2,871,000 after acquiring an additional 6,628 shares during the period. Sei Investments Co. boosted its holdings in Adtalem Global Education by 5.9% in the 3rd quarter. Sei Investments Co. now owns 159,548 shares of the company’s stock worth $5,719,000 after buying an additional 8,900 shares during the period. Finally, Alps Advisors Inc. bought a new position in Adtalem Global Education in the 3rd quarter worth approximately $489,000.

Shares of Adtalem Global Education Inc (NYSE ATGE) traded down $0.60 on Friday, hitting $42.05. 483,059 shares of the stock were exchanged, compared to its average volume of 702,011. The company has a market cap of $2,587.36, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.20 and a quick ratio of 1.20. Adtalem Global Education Inc has a 52-week low of $30.15 and a 52-week high of $46.00.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $421.03 million during the quarter, compared to analysts’ expectations of $428.00 million. Adtalem Global Education had a return on equity of 10.24% and a net margin of 6.17%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. sell-side analysts expect that Adtalem Global Education Inc will post 2.84 earnings per share for the current fiscal year.

In other Adtalem Global Education news, SVP Donna Jennings sold 4,582 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $45.00, for a total transaction of $206,190.00. Following the completion of the sale, the senior vice president now directly owns 16,794 shares of the company’s stock, valued at $755,730. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Carlos Filgueiras sold 2,325 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $36.92, for a total transaction of $85,839.00. Following the sale, the insider now directly owns 11,832 shares of the company’s stock, valued at $436,837.44. The disclosure for this sale can be found here. 3.04% of the stock is owned by insiders.

Several research analysts have commented on the stock. ValuEngine downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Piper Jaffray Companies restated a “buy” rating and set a $59.00 price objective on shares of Adtalem Global Education in a research report on Monday, December 4th. Robert W. Baird reiterated a “hold” rating on shares of Adtalem Global Education in a research report on Thursday, December 7th. Finally, BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.50.

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Adtalem Global Education Profile

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

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

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