Brandywine Global Investment Management LLC lessened its stake in shares of Adtalem Global Education Inc (NYSE:ATGE) by 9.9% in the fourth quarter, Holdings Channel reports. The fund owned 217,667 shares of the company’s stock after selling 23,858 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Adtalem Global Education were worth $9,153,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in 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 purchasing an additional 6,042 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Adtalem Global Education during the 3rd quarter valued at $347,000. American International Group Inc. raised its stake in Adtalem Global Education by 7.6% during the 3rd quarter. American International Group Inc. now owns 198,696 shares of the company’s stock valued at $7,123,000 after purchasing an additional 14,054 shares during the period. Alps Advisors Inc. acquired a new stake in Adtalem Global Education during the 3rd quarter valued at $489,000. Finally, American Century Companies Inc. raised its stake in Adtalem Global Education by 14.8% during the 3rd quarter. American Century Companies Inc. now owns 258,308 shares of the company’s stock valued at $9,260,000 after purchasing an additional 33,305 shares during the period.

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Adtalem Global Education Inc (NYSE:ATGE) opened at $49.45 on Thursday. Adtalem Global Education Inc has a one year low of $30.15 and a one year high of $50.00. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The firm has a market cap of $2,980.00, a price-to-earnings ratio of 20.69, a PEG ratio of 1.94 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. Adtalem Global Education had a net margin of 0.86% and a return on equity of 9.92%. The business had revenue of $337.24 million for the quarter, compared to the consensus estimate of $435.56 million. During the same period in the prior year, the business posted $0.64 earnings per share. Adtalem Global Education’s revenue for the quarter was up 1.0% compared to the same quarter last year. research analysts predict that Adtalem Global Education Inc will post 2.77 EPS for the current fiscal year.

Several analysts have issued reports on ATGE shares. Piper Jaffray Companies reissued a “buy” rating and set a $59.00 target price on shares of Adtalem Global Education in a research note on Monday, December 4th. Robert W. Baird reissued a “hold” rating on shares of Adtalem Global Education in a research note on Thursday, December 7th. BMO Capital Markets reissued a “hold” rating and set a $49.00 target price on shares of Adtalem Global Education in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, ValuEngine raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $50.33.

In other news, insider Ronald L. Taylor sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $45.33, for a total value of $4,533,000.00. Following the transaction, the insider now directly owns 643,620 shares of the company’s stock, valued at $29,175,294.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa W. Wardell sold 61,056 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $49.80, for a total transaction of $3,040,588.80. Following the transaction, the insider now directly owns 168,157 shares in the company, valued at $8,374,218.60. The disclosure for this sale can be found here. Insiders sold 295,286 shares of company stock worth $13,851,648 over the last ninety days. 3.04% of the stock is currently owned by company insiders.

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About Adtalem Global Education

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.

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

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