Axa Invests $2.48 Million in Adtalem Global Education Inc (ATGE)

Axa purchased a new stake in shares of Adtalem Global Education Inc (NASDAQ:ATGE) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 65,450 shares of the company’s stock, valued at approximately $2,484,000. Axa owned approximately 0.10% of Adtalem Global Education at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATGE. Russell Investments Group Ltd. purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at $2,398,000. Parametrica Management Ltd purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at $232,000. ING Groep NV purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at $263,000. Meritage Portfolio Management purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at $5,588,000. Finally, Strs Ohio purchased a new position in shares of Adtalem Global Education during the 2nd quarter valued at $1,252,000.

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

Adtalem Global Education Inc (NASDAQ:ATGE) opened at 31.40 on Wednesday. The stock has a market capitalization of $1.95 billion and a price-to-earnings ratio of 16.44. Adtalem Global Education Inc has a 52-week low of $21.85 and a 52-week high of $40.70. The stock’s 50 day moving average is $37.74 and its 200-day moving average is $34.81.

Adtalem Global Education (NASDAQ:ATGE) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The firm had revenue of $451.50 million for the quarter, compared to the consensus estimate of $452.77 million. Adtalem Global Education had a net margin of 9.76% and a return on equity of 10.35%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. Equities research analysts anticipate that Adtalem Global Education Inc will post $2.88 EPS for the current fiscal year.

In other news, insider John P. Roselli sold 2,327 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $33.99, for a total transaction of $79,094.73. Following the sale, the insider now directly owns 13,730 shares in the company, valued at approximately $466,682.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Groenwald sold 5,887 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $33.80, for a total transaction of $198,980.60. Following the sale, the insider now owns 30,582 shares in the company, valued at $1,033,671.60. The disclosure for this sale can be found here. Insiders have sold a total of 11,328 shares of company stock worth $384,138 over the last 90 days.

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 (NASDAQ:ATGE)

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