Federated Investors Inc. PA bought a new position in shares of Adtalem Global Education Inc (NASDAQ:ATGE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 387,763 shares of the company’s stock, valued at approximately $14,717,000. Federated Investors Inc. PA owned 0.62% of Adtalem Global Education at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ATGE. Parametrica Management Ltd acquired a new position in shares of Adtalem Global Education during the second quarter worth about $232,000. First Mercantile Trust Co. acquired a new position in shares of Adtalem Global Education during the second quarter worth about $253,000. ING Groep NV acquired a new position in shares of Adtalem Global Education during the second quarter worth about $263,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Adtalem Global Education during the second quarter worth about $422,000. Finally, KBC Group NV acquired a new position in shares of Adtalem Global Education during the second quarter worth about $490,000.

Adtalem Global Education Inc (NASDAQ:ATGE) opened at 34.00 on Friday. The stock has a market cap of $2.12 billion and a price-to-earnings ratio of 17.80. The stock’s 50 day moving average price is $37.74 and its 200-day moving average price is $34.81. Adtalem Global Education Inc has a 12 month low of $21.85 and a 12 month high of $40.70.

Adtalem Global Education (NASDAQ:ATGE) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.09. The business had revenue of $451.50 million during the quarter, compared to analyst estimates of $452.77 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.65 EPS. Equities research analysts predict that Adtalem Global Education Inc will post $2.88 EPS for the current year.

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

Adtalem Global Education Company Profile

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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