Cambria Investment Management L.P. Acquires Shares of 6,680 Adtalem Global Education (ATGE)

Cambria Investment Management L.P. acquired a new position in Adtalem Global Education (NYSE:ATGE) in the first quarter, Holdings Channel reports. The institutional investor acquired 6,680 shares of the company’s stock, valued at approximately $318,000.

A number of other institutional investors have also added to or reduced their stakes in ATGE. Schwab Charles Investment Management Inc. boosted its holdings in Adtalem Global Education by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 348,860 shares of the company’s stock worth $14,670,000 after purchasing an additional 11,661 shares during the period. LMR Partners LLP acquired a new position in Adtalem Global Education in the fourth quarter worth $553,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Adtalem Global Education by 29.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,723 shares of the company’s stock worth $703,000 after purchasing an additional 3,759 shares during the period. Wedge Capital Management L L P NC acquired a new position in Adtalem Global Education in the fourth quarter worth $45,234,000. Finally, LSV Asset Management boosted its holdings in Adtalem Global Education by 1.8% in the fourth quarter. LSV Asset Management now owns 496,664 shares of the company’s stock worth $20,884,000 after purchasing an additional 8,900 shares during the period. 97.82% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $57.00 price target on shares of Adtalem Global Education in a report on Friday, May 4th. They noted that the move was a valuation call. ValuEngine downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Friday, May 4th. First Analysis boosted their price target on shares of Adtalem Global Education to $56.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. Finally, Robert W. Baird boosted their price target on shares of Adtalem Global Education from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $52.80.

In related news, insider Lisa W. Wardell sold 61,056 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $49.80, for a total value of $3,040,588.80. Following the completion of the sale, the insider now owns 168,157 shares of the company’s stock, valued at $8,374,218.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald L. Taylor sold 18,880 shares of the company’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $46.77, for a total transaction of $883,017.60. Following the completion of the sale, the insider now directly owns 544,495 shares of the company’s stock, valued at approximately $25,466,031.15. The disclosure for this sale can be found here. Insiders sold 89,304 shares of company stock valued at $4,374,348 in the last ninety days. Corporate insiders own 3.04% of the company’s stock.

Shares of Adtalem Global Education opened at $47.75 on Friday, according to MarketBeat. Adtalem Global Education has a 1 year low of $30.15 and a 1 year high of $50.15. The firm has a market cap of $2.85 billion, a PE ratio of 17.11, a PEG ratio of 1.85 and a beta of 0.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. Adtalem Global Education had a net margin of 0.89% and a return on equity of 10.06%. The company had revenue of $342.19 million during the quarter, compared to the consensus estimate of $342.79 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. analysts anticipate that Adtalem Global Education will post 2.76 earnings per share for the current year.

Adtalem Global Education Company Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.

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

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