Retirement Systems of Alabama Sells 2,208 Shares of Adtalem Global Education Inc (NYSE:ATGE)

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Retirement Systems of Alabama trimmed its holdings in shares of Adtalem Global Education Inc (NYSE:ATGE) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,394 shares of the company’s stock after selling 2,208 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of Adtalem Global Education worth $2,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ATGE. Great Lakes Advisors LLC boosted its position in shares of Adtalem Global Education by 0.4% in the second quarter. Great Lakes Advisors LLC now owns 78,749 shares of the company’s stock worth $3,548,000 after purchasing an additional 281 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Adtalem Global Education by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 24,067 shares of the company’s stock worth $1,084,000 after purchasing an additional 330 shares during the period. Swiss National Bank boosted its position in shares of Adtalem Global Education by 0.4% in the second quarter. Swiss National Bank now owns 107,500 shares of the company’s stock worth $4,843,000 after purchasing an additional 400 shares during the period. Verition Fund Management LLC boosted its position in shares of Adtalem Global Education by 6.4% in the second quarter. Verition Fund Management LLC now owns 7,420 shares of the company’s stock worth $334,000 after purchasing an additional 444 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of Adtalem Global Education in the first quarter worth approximately $56,000. Institutional investors own 98.09% of the company’s stock.

Shares of NYSE:ATGE opened at $31.78 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a fifty day moving average price of $36.07 and a 200 day moving average price of $43.10. Adtalem Global Education Inc has a fifty-two week low of $27.58 and a fifty-two week high of $58.80. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 1.02 and a beta of 0.82.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.12). Adtalem Global Education had a return on equity of 11.44% and a net margin of 9.84%. The company had revenue of $254.60 million for the quarter, compared to the consensus estimate of $301.66 million. During the same quarter in the prior year, the company posted $0.45 EPS. Adtalem Global Education’s revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Adtalem Global Education Inc will post 2.46 earnings per share for the current year.

In related news, insider Patrick J. Unzicker sold 2,297 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.40, for a total transaction of $104,283.80. Following the completion of the transaction, the insider now owns 32,908 shares in the company, valued at $1,494,023.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.46% of the stock is currently owned by corporate insiders.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Adtalem Global Education from a “hold” rating to a “sell” rating and set a $44.00 price target for the company. in a research report on Wednesday, September 18th. Barrington Research reiterated a “buy” rating on shares of Adtalem Global Education in a research report on Thursday, October 31st. Robert W. Baird set a $42.00 price target on shares of Adtalem Global Education and gave the stock a “hold” rating in a research report on Monday, October 21st. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Sidoti assumed coverage on shares of Adtalem Global Education in a research report on Thursday, September 12th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $49.75.

About Adtalem Global Education

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.

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

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