BNP Paribas Arbitrage SA lowered its stake in shares of Adtalem Global Education Inc (NYSE:ATGE) by 50.4% in the second quarter, HoldingsChannel.com reports. The firm owned 8,511 shares of the company’s stock after selling 8,644 shares during the period. BNP Paribas Arbitrage SA’s holdings in Adtalem Global Education were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in Adtalem Global Education by 2.8% during the first quarter. SG Americas Securities LLC now owns 55,238 shares of the company’s stock worth $2,627,000 after purchasing an additional 1,529 shares during the period. LSV Asset Management boosted its position in Adtalem Global Education by 0.3% during the first quarter. LSV Asset Management now owns 498,364 shares of the company’s stock worth $23,697,000 after purchasing an additional 1,700 shares during the period. Xact Kapitalforvaltning AB boosted its position in Adtalem Global Education by 22.1% during the second quarter. Xact Kapitalforvaltning AB now owns 10,495 shares of the company’s stock worth $505,000 after purchasing an additional 1,900 shares during the period. Aperio Group LLC boosted its position in Adtalem Global Education by 3.0% during the first quarter. Aperio Group LLC now owns 95,528 shares of the company’s stock worth $4,542,000 after purchasing an additional 2,759 shares during the period. Finally, Swiss National Bank boosted its position in Adtalem Global Education by 2.9% during the first quarter. Swiss National Bank now owns 102,400 shares of the company’s stock worth $4,869,000 after purchasing an additional 2,900 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Shares of ATGE stock opened at $47.20 on Friday. Adtalem Global Education Inc has a 12 month low of $30.15 and a 12 month high of $56.45. The company has a market cap of $3.34 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.35 and a beta of 1.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, August 16th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.05). Adtalem Global Education had a return on equity of 10.06% and a net margin of 0.89%. The business had revenue of $319.80 million for the quarter, compared to analyst estimates of $352.68 million. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. equities analysts anticipate that Adtalem Global Education Inc will post 2.76 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on ATGE shares. BMO Capital Markets reaffirmed a “buy” rating and set a $56.00 target price on shares of Adtalem Global Education in a research report on Wednesday, July 11th. ValuEngine cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Barrington Research upped their price target on Adtalem Global Education from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday, July 9th. Finally, First Analysis upped their price target on Adtalem Global Education to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, May 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Adtalem Global Education currently has a consensus rating of “Buy” and a consensus target price of $55.60.

In related news, insider Lisa W. Wardell sold 3,500 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $55.00, for a total value of $192,500.00. Following the completion of the transaction, the insider now directly owns 106,338 shares in the company, valued at $5,848,590. 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 18,880 shares of the company’s stock in a transaction on Monday, May 21st. The shares were sold at an average price of $46.77, for a total value of $883,017.60. Following the completion of the transaction, the insider now owns 544,495 shares of the company’s stock, valued at $25,466,031.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,205 shares of company stock valued at $1,812,235. Corporate insiders own 3.04% of the company’s stock.

Adtalem Global Education Profile

Adtalem Global Education Inc provides educational services worldwide. It operates through four segments: Medical and Healthcare, Professional Education, Technology and Business, and U.S. Traditional Postsecondary. The Medical and Healthcare segment operates Chamberlain University, which provides pre and post-licensure bachelor's, master's, and doctorate degree programs in nursing through campus and online; American University of the Caribbean School of Medicine and Ross University School of Medicine, which provide medical education; and Ross University School of Veterinary Medicine that offers veterinary education.

Featured Article: Diversification in Your Portfolio

Want to see what other hedge funds are holding ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adtalem Global Education Inc (NYSE:ATGE).

Institutional Ownership by Quarter for Adtalem Global Education (NYSE:ATGE)

Receive News & Ratings for Adtalem Global Education Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education and related companies with MarketBeat.com's FREE daily email newsletter.