On September 26, 2023, it was reported that Harel Insurance Investments & Financial Services Ltd. had acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the second quarter of the year. According to the company’s latest 13F filing with the Securities and Exchange Commission (SEC), Harel Insurance purchased 7,380 shares of Adtalem Global Education stock, which amounted to approximately $254,000.
In other recent news, Director William W. Burke sold 1,500 shares of Adtalem Global Education stock on August 14th. The transaction took place at an average price of $43.60 per share, resulting in a total value of $65,400. Following this sale, Director Burke now holds directly 13,271 shares of the company’s stock worth around $578,615.60. The details of this transaction were disclosed in a filing submitted to the SEC and can be accessed through their official website.
Furthermore, Director William W. Burke made another sale of 1,500 shares from the firm’s stock on August 14th at an average price of $43.60 per share. This resulted in a total transaction value of $65,400. Currently holding 13,271 shares in Adtalem Global Education Inc., valued at approximately $578,615.60 following these sales.
Additionally, Chief Accounting Officer Manjunath Gangadharan also sold 1,418 shares on August 28th at an average price of $43.45 per share for a total value of $61,612.10 With this sale completed ,Gangadharan currently owns 7,420 shares valued at $322shares399 within the company.
It is important to note that corporate insiders now own approximately 3.30%of Adtalem Global Education Inc.’s stock as per available disclosure reports.
Baxter International Inc.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
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Hedge Funds and Institutional Investors Show Confidence in Adtalem Global Education as Company Sees Adjustments and Positive Financial Performance
In recent months, several hedge funds and institutional investors have adjusted their positions in Adtalem Global Education, a leading provider of educational services. High-profile financial institutions such as Royal Bank of Canada, US Bancorp DE, Allspring Global Investments Holdings LLC, Tower Research Capital LLC TRC, and Captrust Financial Advisors have all made changes to their holdings in the company.
Royal Bank of Canada notably increased its position in Adtalem Global Education by 65.2% during the third quarter. As a result, the bank now owns 727 shares of the company’s stock valued at $27,000, after acquiring an additional 287 shares in the last quarter. US Bancorp DE similarly increased its holding by 76.7% during the first quarter and now owns 1,786 shares worth $53,000 after purchasing an additional 775 shares. Allspring Global Investments Holdings LLC followed suit with a significant increase of 168.0% during the same period, owning 2,289 shares worth $88,000 after acquiring an additional 1,435 shares.
Tower Research Capital LLC TRC also boosted its position in Adtalem Global Education by a remarkable 133.1% during the third quarter. The firm now holds 2,823 shares valued at $103,000 after buying an extra 1,612 shares compared to the previous quarter. Finally, Captrust Financial Advisors showed confidence in Adtalem Global Education by increasing its position by a whopping 210.5% during the first quarter. They now own 2,881 shares worth $86,000 after purchasing an additional 1,953 shares.
It’s worth noting that hedge funds and other institutional investors collectively own 95.77% of Adtalem Global Education’s stock.
Financial analysts have also weighed in on Adtalem Global Education recently. Barrington Research raised their price target on Augustianews.comReports suggest that Adtalem Global Education’s stock currently has a consensus rating of “Buy” with an average price target of $50.67.
On September 26, 2023, Adtalem Global Education Inc., traded on the New York Stock Exchange under the ticker symbol ATGE, opened at $43.19. The company boasts a market capitalization of $1.79 billion and holds a price-to-earnings ratio (P/E) of 20.86. Its price-to-earnings growth ratio (P/E/G) is an attractive 0.66, while its beta stands at 0.97. Over the past year, the stock has ranged from a low of $33.59 to a high of $47.25.
Adtalem Global Education carries a debt-to-equity ratio of 0.48 and exhibits a current ratio and quick ratio of 1.11 each. As for its moving averages, the stock demonstrates a 50-day simple moving average of $43.37 and a 200-day simple moving average of $40.59.
The company last reported its quarterly earnings data on August 10th, revealing earnings per share (EPS) totaling $1.03 for the quarter – surpassing analysts’ estimates by $0.09 per share. Furthermore, Adtalem Global Education’s revenue for the period amounted to $364.60 million, exceeding analyst predictions of $3568 million by .9%. Notably, the firm maintained a healthy return on equity at 12.80% and boasted a net margin of 6.51%. Comparatively, during the same period in the previous year, the company posted an EPS scorecard of $1.31.
Overall, market analysts predict that Adtalem Global Education Inc.’s EPS for the current fiscal year will amount to $4.l31.
In conclusion, it is evident that Adtalem Global Education has attracted the attention of influential hedge funds and institutional investors, leading to significant adjustments in their holdings. With positive feedback from analysts and impressive financial performances, the company seems to be on a path of growth and success within the education industry.