BNP PARIBAS ASSET MANAGEMENT Holding S.A. Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the 2nd quarter, Holdings Channel.com reports. The firm bought 4,391 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in shares of Adtalem Global Education by 65.2% in the 4th quarter. New York State Common Retirement Fund now owns 30,498 shares of the company’s stock worth $1,798,000 after purchasing an additional 12,042 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in Adtalem Global Education during the fourth quarter valued at approximately $264,000. Russell Investments Group Ltd. lifted its stake in Adtalem Global Education by 478.5% in the fourth quarter. Russell Investments Group Ltd. now owns 20,369 shares of the company’s stock valued at $1,201,000 after acquiring an additional 16,848 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Adtalem Global Education by 127.9% in the fourth quarter. Victory Capital Management Inc. now owns 26,719 shares of the company’s stock valued at $1,575,000 after acquiring an additional 14,994 shares during the last quarter. Finally, Natixis Advisors L.P. bought a new stake in Adtalem Global Education in the fourth quarter worth approximately $628,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,944,426. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,944,426. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares in the company, valued at approximately $6,779,434.04. The disclosure for this sale can be found here. Insiders sold a total of 121,212 shares of company stock valued at $8,892,021 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Adtalem Global Education Price Performance

NYSE ATGE opened at $73.42 on Wednesday. The stock has a 50-day simple moving average of $73.33 and a 200 day simple moving average of $61.73. Adtalem Global Education Inc. has a twelve month low of $41.89 and a twelve month high of $80.18. The stock has a market capitalization of $2.76 billion, a PE ratio of 27.60, a P/E/G ratio of 0.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The company had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. During the same period in the prior year, the business earned $1.03 earnings per share. Adtalem Global Education’s revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts anticipate that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Wall Street Analysts Forecast Growth

ATGE has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th. BMO Capital Markets boosted their target price on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th.

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.