Calamos Advisors LLC bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,844 shares of the company’s stock, valued at approximately $2,530,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its position in shares of Adtalem Global Education by 511.9% during the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Adtalem Global Education in the third quarter worth about $2,314,000. State Street Corp raised its holdings in Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after purchasing an additional 23,464 shares during the last quarter. Peregrine Asset Advisers Inc. lifted its position in Adtalem Global Education by 33.5% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock valued at $6,425,000 after purchasing an additional 21,373 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Adtalem Global Education by 61.0% in the 3rd quarter. Citigroup Inc. now owns 51,039 shares of the company’s stock valued at $3,852,000 after purchasing an additional 19,337 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently weighed in on ATGE. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Barrington Research lifted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.
Adtalem Global Education Stock Up 2.9 %
Shares of NYSE:ATGE opened at $107.80 on Wednesday. The company has a 50 day moving average price of $93.93 and a two-hundred day moving average price of $82.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $4.02 billion, a PE ratio of 20.08, a PEG ratio of 1.15 and a beta of 0.97. Adtalem Global Education Inc. has a 52 week low of $45.16 and a 52 week high of $112.43.
Adtalem Global Education (NYSE:ATGE – Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
Insider Transactions at Adtalem Global Education
In other news, Director William W. Burke sold 4,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.
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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