Adtalem Global Education Inc (ATGE) Stake Lifted by Comerica Bank
Comerica Bank grew its holdings in Adtalem Global Education Inc (NYSE:ATGE) by 129.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 112,202 shares of the company’s stock after acquiring an additional 63,364 shares during the quarter. Comerica Bank’s holdings in Adtalem Global Education were worth $5,212,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Mutual of America Capital Management LLC lifted its stake in shares of Adtalem Global Education by 3.8% in the 3rd quarter. Mutual of America Capital Management LLC now owns 48,838 shares of the company’s stock valued at $1,751,000 after purchasing an additional 1,771 shares during the period. Oregon Public Employees Retirement Fund increased its position in Adtalem Global Education by 12.0% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,110 shares of the company’s stock valued at $828,000 after buying an additional 2,470 shares in the last quarter. Strs Ohio increased its position in Adtalem Global Education by 10.3% in the 3rd quarter. Strs Ohio now owns 36,400 shares of the company’s stock valued at $1,304,000 after buying an additional 3,400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Adtalem Global Education by 29.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,723 shares of the company’s stock valued at $703,000 after buying an additional 3,759 shares in the last quarter. Finally, Shelton Capital Management bought a new stake in Adtalem Global Education in the 2nd quarter valued at about $224,000.
ATGE has been the subject of a number of research analyst reports. Robert W. Baird reaffirmed a “hold” rating on shares of Adtalem Global Education in a research report on Thursday, December 7th. Zacks Investment Research lowered Adtalem Global Education from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $59.00 target price on shares of Adtalem Global Education in a research report on Monday, December 4th. BMO Capital Markets boosted their target price on Adtalem Global Education from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Finally, BidaskClub raised Adtalem Global Education from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $50.33.
Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $337.24 million during the quarter, compared to analyst estimates of $435.56 million. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. equities analysts anticipate that Adtalem Global Education Inc will post 2.77 earnings per share for the current fiscal year.
In other Adtalem Global Education news, SVP Donna Jennings sold 4,582 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total transaction of $206,190.00. Following the completion of the sale, the senior vice president now directly owns 16,794 shares of the company’s stock, valued at approximately $755,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ronald L. Taylor sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $45.33, for a total value of $4,533,000.00. Following the sale, the insider now directly owns 643,620 shares of the company’s stock, valued at $29,175,294.60. The disclosure for this sale can be found here. Insiders own 3.04% of the company’s stock.
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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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