Adtalem Global Education Inc (ATGE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in Adtalem Global Education Inc (NYSE:ATGE) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,326 shares of the company’s stock after selling 11,070 shares during the quarter. JPMorgan Chase & Co.’s holdings in Adtalem Global Education were worth $1,532,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ATGE. Schwab Charles Investment Management Inc. purchased a new position in shares of Adtalem Global Education in the second quarter valued at $12,129,000. First Trust Advisors LP purchased a new position in shares of Adtalem Global Education in the second quarter valued at $1,334,000. Legal & General Group Plc purchased a new position in shares of Adtalem Global Education in the second quarter valued at $3,033,000. Royce & Associates LP purchased a new position in shares of Adtalem Global Education in the second quarter valued at $1,975,000. Finally, Prudential Financial Inc. purchased a new position in shares of Adtalem Global Education in the second quarter valued at $7,205,000.

Shares of Adtalem Global Education Inc (NYSE:ATGE) opened at $45.10 on Wednesday. The company has a market capitalization of $2,700.00, a PE ratio of 26.22, a P/E/G ratio of 1.88 and a beta of 0.98. Adtalem Global Education Inc has a 52-week low of $30.15 and a 52-week high of $46.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.20 and a current ratio of 1.20.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). The company had revenue of $421.03 million for the quarter, compared to analysts’ expectations of $428.00 million. Adtalem Global Education had a return on equity of 10.24% and a net margin of 6.17%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. analysts expect that Adtalem Global Education Inc will post 2.84 earnings per share for the current year.

A number of brokerages have recently weighed in on ATGE. Robert W. Baird restated a “hold” rating on shares of Adtalem Global Education in a research report on Thursday, December 7th. Zacks Investment Research cut Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $59.00 price objective on shares of Adtalem Global Education in a research report on Monday, December 4th. BMO Capital Markets lifted their price objective on Adtalem Global Education from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Adtalem Global Education has an average rating of “Hold” and an average target price of $48.50.

In other Adtalem Global Education news, insider Carlos Filgueiras sold 2,325 shares of Adtalem Global Education stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $36.92, for a total value of $85,839.00. Following the completion of the sale, the insider now owns 11,832 shares in the company, valued at approximately $436,837.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $45.00, for a total value of $206,190.00. Following the completion of the sale, the senior vice president now owns 16,794 shares of the company’s stock, valued at approximately $755,730. The disclosure for this sale can be found here. Company insiders own 3.04% of the company’s stock.

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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 (NYSE:ATGE)

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