Teachers Advisors LLC Buys Shares of 112,046 Adtalem Global Education Inc (ATGE)

Teachers Advisors LLC bought a new stake in Adtalem Global Education Inc (NASDAQ:ATGE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 112,046 shares of the company’s stock, valued at approximately $4,252,000. Teachers Advisors LLC owned approximately 0.18% of Adtalem Global Education at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC purchased a new position in shares of Adtalem Global Education during the 2nd quarter worth about $128,673,000. Wells Fargo & Company MN purchased a new position in shares of Adtalem Global Education during the 2nd quarter worth about $79,653,000. Bank of New York Mellon Corp purchased a new position in shares of Adtalem Global Education during the 2nd quarter worth about $45,876,000. Rothschild Asset Management Inc. purchased a new position in shares of Adtalem Global Education during the 2nd quarter worth about $33,059,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Adtalem Global Education during the 2nd quarter worth about $32,271,000.

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In other Adtalem Global Education news, insider Eric P. Dirst sold 3,114 shares of Adtalem Global Education stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $34.06, for a total transaction of $106,062.84. Following the transaction, the insider now owns 14,800 shares of the company’s stock, valued at approximately $504,088. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John P. Roselli sold 2,327 shares of Adtalem Global Education stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $33.99, for a total value of $79,094.73. Following the sale, the insider now owns 13,730 shares of the company’s stock, valued at $466,682.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,328 shares of company stock worth $384,138.

Several research analysts have recently weighed in on ATGE shares. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, July 7th. BMO Capital Markets reiterated a “market perform” rating and set a $35.00 price objective (down from $40.00) on shares of Adtalem Global Education in a report on Monday, August 21st.

Adtalem Global Education Inc (NASDAQ ATGE) opened at 35.40 on Friday. The stock’s 50 day moving average is $37.74 and its 200 day moving average is $34.81. The stock has a market capitalization of $2.20 billion and a price-to-earnings ratio of 18.53. Adtalem Global Education Inc has a one year low of $21.97 and a one year high of $40.70.

Adtalem Global Education (NASDAQ:ATGE) last released its earnings results on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $452.77 million. During the same quarter in the previous year, the business posted $0.65 EPS. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts forecast that Adtalem Global Education Inc will post $2.88 EPS for the current year.

Adtalem Global Education Company Profile

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 (NASDAQ:ATGE)

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