Public Employees Retirement System of Ohio Reduces Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Public Employees Retirement System of Ohio cut its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 11.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 905 shares of the company’s stock after selling 118 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Adtalem Global Education were worth $68,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. MML Investors Services LLC purchased a new position in shares of Adtalem Global Education in the 3rd quarter valued at approximately $323,000. Wellington Management Group LLP increased its stake in Adtalem Global Education by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares in the last quarter. State Street Corp raised its holdings in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares during the last quarter. Systematic Financial Management LP acquired a new stake in shares of Adtalem Global Education during the third quarter worth $159,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after buying an additional 126 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ATGE. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets raised their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barrington Research upped their target price on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $87.28 on Monday. The firm’s fifty day moving average is $84.79 and its two-hundred day moving average is $76.44. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 1.01 and a beta of 0.96. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. During the same quarter last year, the company earned $0.93 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Research analysts expect that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.