Adtalem Global Education Inc (ATGE) Shares Sold by S&T Bank PA

S&T Bank PA lessened its holdings in shares of Adtalem Global Education Inc (NYSE:ATGE) by 94.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,741 shares of the company’s stock after selling 166,804 shares during the quarter. S&T Bank PA’s holdings in Adtalem Global Education were worth $518,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Adtalem Global Education by 772.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,792 shares of the company’s stock worth $134,000 after buying an additional 2,472 shares during the period. Brown Advisory Inc. acquired a new stake in Adtalem Global Education during the 2nd quarter worth $209,000. Seven Eight Capital LP acquired a new stake in Adtalem Global Education during the 3rd quarter worth $213,000. Hartford Investment Management Co. acquired a new stake in Adtalem Global Education during the 3rd quarter worth $228,000. Finally, Jane Street Group LLC acquired a new stake in Adtalem Global Education during the 2nd quarter worth $231,000. 98.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of ATGE traded up $0.35 during midday trading on Friday, hitting $57.77. The stock had a trading volume of 63,560 shares, compared to its average volume of 531,039. Adtalem Global Education Inc has a twelve month low of $39.60 and a twelve month high of $58.80. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.50 and a beta of 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.61 and a quick ratio of 1.61.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, November 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $284.19 million for the quarter, compared to the consensus estimate of $296.12 million. Adtalem Global Education had a return on equity of 11.43% and a net margin of 0.89%. Adtalem Global Education’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Sell-side analysts anticipate that Adtalem Global Education Inc will post 2.85 earnings per share for the current fiscal year.

Several analysts have issued reports on ATGE shares. Barrington Research reissued a “buy” rating and issued a $60.00 price target on shares of Adtalem Global Education in a research note on Friday, October 5th. Zacks Investment Research raised Adtalem Global Education from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Robert W. Baird lifted their price target on Adtalem Global Education from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. BMO Capital Markets lifted their price target on Adtalem Global Education from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Monday, November 5th. Finally, Piper Jaffray Companies lifted their price target on Adtalem Global Education to $63.00 and gave the company an “overweight” rating in a research note on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $58.20.

In related news, insider Donna Jennings sold 4,302 shares of Adtalem Global Education stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $55.70, for a total value of $239,621.40. Following 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 document filed with the SEC, which is available through this hyperlink. Also, insider Mehul R. Patel sold 631 shares of Adtalem Global Education stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $57.88, for a total value of $36,522.28. Following the completion of the sale, the insider now directly owns 8,355 shares in the company, valued at approximately $483,587.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,094 shares of company stock worth $1,897,372. 1.91% of the stock is owned by company insiders.

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Adtalem Global Education Company Profile

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.

Further Reading: Reverse Stock Split

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

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