Mesirow Financial Investment Management Equity Management lowered its position in shares of Adtalem Global Education Inc (NYSE:ATGE) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,124 shares of the company’s stock after selling 17,986 shares during the period. Adtalem Global Education comprises approximately 1.5% of Mesirow Financial Investment Management Equity Management’s holdings, making the stock its 13th largest holding. Mesirow Financial Investment Management Equity Management owned about 0.41% of Adtalem Global Education worth $11,315,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ATGE. Bank of Montreal Can grew its stake in Adtalem Global Education by 17.8% in the fourth quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock valued at $126,000 after purchasing an additional 405 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Adtalem Global Education by 11.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,218 shares of the company’s stock valued at $200,000 after purchasing an additional 429 shares during the last quarter. LS Investment Advisors LLC grew its stake in Adtalem Global Education by 24.4% in the fourth quarter. LS Investment Advisors LLC now owns 4,291 shares of the company’s stock valued at $203,000 after purchasing an additional 843 shares during the last quarter. United Services Automobile Association grew its stake in Adtalem Global Education by 11.1% in the second quarter. United Services Automobile Association now owns 12,012 shares of the company’s stock valued at $578,000 after purchasing an additional 1,197 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Adtalem Global Education by 1.6% in the third quarter. Legal & General Group Plc now owns 78,713 shares of the company’s stock valued at $3,794,000 after purchasing an additional 1,226 shares during the last quarter. Hedge funds and other institutional investors own 99.65% of the company’s stock.

Shares of NYSE ATGE opened at $47.79 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.07 and a quick ratio of 2.07. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 1.26 and a beta of 0.94. Adtalem Global Education Inc has a fifty-two week low of $43.50 and a fifty-two week high of $58.80.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The business had revenue of $316.60 million during the quarter, compared to the consensus estimate of $318.95 million. Adtalem Global Education had a return on equity of 11.41% and a net margin of 8.70%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. On average, equities analysts anticipate that Adtalem Global Education Inc will post 2.86 earnings per share for the current year.

In related news, insider Donna Jennings sold 6,950 shares of Adtalem Global Education stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $57.83, for a total transaction of $401,918.50. Following the completion of the sale, the insider now owns 19,080 shares of the company’s stock, valued at $1,103,396.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on the company. Barrington Research reiterated a “buy” rating and issued a $62.00 target price on shares of Adtalem Global Education in a research note on Wednesday, January 9th. Zacks Investment Research downgraded Adtalem Global Education from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. BMO Capital Markets raised their price target on Adtalem Global Education from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, November 5th. Robert W. Baird raised their price target on Adtalem Global Education from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Finally, Piper Jaffray Companies raised their price target on Adtalem Global Education to $63.00 and gave the stock an “overweight” rating in a report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $58.60.

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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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