JPMorgan Chase & Co. Sells 3,096 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

JPMorgan Chase & Co. decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 387,737 shares of the company’s stock after selling 3,096 shares during the period. JPMorgan Chase & Co.’s holdings in Adtalem Global Education were worth $29,266,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Adtalem Global Education by 11.7% in the 3rd quarter. Franklin Resources Inc. now owns 12,138 shares of the company’s stock valued at $910,000 after buying an additional 1,267 shares during the period. Tidal Investments LLC acquired a new position in Adtalem Global Education in the third quarter valued at about $201,000. Sanctuary Advisors LLC increased its holdings in shares of Adtalem Global Education by 119.6% in the third quarter. Sanctuary Advisors LLC now owns 21,587 shares of the company’s stock worth $1,629,000 after acquiring an additional 11,759 shares in the last quarter. Invst LLC acquired a new stake in shares of Adtalem Global Education during the third quarter worth about $205,000. Finally, Barclays PLC lifted its holdings in shares of Adtalem Global Education by 12.1% during the 3rd quarter. Barclays PLC now owns 66,669 shares of the company’s stock valued at $5,031,000 after purchasing an additional 7,172 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

ATGE has been the subject of several research reports. Barrington Research increased their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BMO Capital Markets lifted their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Adtalem Global Education Trading Down 0.9 %

ATGE stock opened at $93.76 on Wednesday. Adtalem Global Education Inc. has a 52 week low of $43.78 and a 52 week high of $97.37. The company has a market capitalization of $3.52 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The company’s 50-day simple moving average is $89.19 and its 200 day simple moving average is $78.84. 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 earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. The company had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 EPS. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Insider Buying and Selling at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now owns 11,659 shares in the company, valued at $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education Profile

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.