GAM Holding AG reduced its stake in shares of Adtalem Global Education Inc (NYSE:ATGE) by 14.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,355 shares of the company’s stock after selling 1,587 shares during the period. GAM Holding AG’s holdings in Adtalem Global Education were worth $433,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Penserra Capital Management LLC acquired a new position in Adtalem Global Education in the 4th quarter valued at $28,000. Fort L.P. acquired a new position in Adtalem Global Education in the 4th quarter valued at $54,000. Enlightenment Research LLC acquired a new position in Adtalem Global Education in the 4th quarter valued at $76,000. Bank of Montreal Can raised its holdings in Adtalem Global Education by 17.8% in the 4th quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock valued at $126,000 after acquiring an additional 405 shares during the last quarter. Finally, LS Investment Advisors LLC raised its holdings in Adtalem Global Education by 24.4% in the 4th quarter. LS Investment Advisors LLC now owns 4,291 shares of the company’s stock valued at $203,000 after acquiring an additional 843 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

In other news, insider Patrick J. Unzicker sold 2,953 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $43.07, for a total transaction of $127,185.71. Following the completion of the sale, the insider now directly owns 36,070 shares of the company’s stock, valued at approximately $1,553,534.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.91% of the stock is owned by insiders.

Several research analysts have weighed in on the company. Zacks Investment Research downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Monday, April 8th. ValuEngine downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Barrington Research reiterated a “buy” rating and issued a $62.00 price target on shares of Adtalem Global Education in a report on Friday, May 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $50.00 price target on shares of Adtalem Global Education in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Adtalem Global Education presently has a consensus rating of “Buy” and a consensus price target of $55.50.

Shares of ATGE opened at $44.25 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. Adtalem Global Education Inc has a fifty-two week low of $42.36 and a fifty-two week high of $58.80.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. Adtalem Global Education had a net margin of 8.83% and a return on equity of 11.38%. The company had revenue of $308.61 million during the quarter, compared to analysts’ expectations of $315.35 million. During the same period in the previous year, the company earned $0.70 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, analysts forecast that Adtalem Global Education Inc will post 2.83 EPS for the current year.

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About Adtalem Global Education

Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.

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

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