Axa lowered its position in shares of Adtalem Global Education Inc (NYSE:ATGE) by 87.1% in the third quarter, Holdings Channel reports. The fund owned 21,160 shares of the company’s stock after selling 143,440 shares during the quarter. Axa’s holdings in Adtalem Global Education were worth $1,020,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ATGE. Brown Advisory Inc. acquired a new position in shares of Adtalem Global Education during the second quarter valued at approximately $209,000. Seven Eight Capital LP acquired a new position in shares of Adtalem Global Education during the third quarter valued at approximately $213,000. Hartford Investment Management Co. acquired a new position in shares of Adtalem Global Education during the third quarter valued at approximately $228,000. Jane Street Group LLC acquired a new position in shares of Adtalem Global Education during the second quarter valued at approximately $231,000. Finally, Commonwealth Bank of Australia acquired a new position in shares of Adtalem Global Education during the third quarter valued at approximately $284,000. 98.27% of the stock is owned by institutional investors and hedge funds.
NYSE:ATGE opened at $54.50 on Friday. Adtalem Global Education Inc has a one year low of $41.76 and a one year high of $58.80. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.21 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.45 and a beta of 0.76.
Several research firms recently commented on ATGE. Barrington Research reaffirmed a “buy” rating and issued a $60.00 price target on shares of Adtalem Global Education in a report on Friday, October 5th. BMO Capital Markets increased their price target on Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Monday, November 5th. Robert W. Baird increased their price target on Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Zacks Investment Research raised Adtalem Global Education from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Piper Jaffray Companies increased their price target on Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.20.
In other Adtalem Global Education news, insider Donna Jennings sold 4,302 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $55.70, for a total transaction of $239,621.40. Following the completion of the sale, the insider now owns 13,893 shares of the company’s stock, valued at $773,840.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mehul R. Patel sold 631 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $57.88, for a total value of $36,522.28. Following the sale, the insider now directly owns 8,355 shares of the company’s stock, valued at approximately $483,587.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,044 shares of company stock valued at $2,299,291. Insiders own 1.91% of the company’s stock.
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About Adtalem Global Education
Adtalem Global Education, Inc engages in the provision of educational services. It operates through the following segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment includes the operations of Ross University medical and veterinary schools, Chamberlain College of Nursing and Carrington.
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