Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Atom Investors LP

Atom Investors LP cut its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 31.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,573 shares of the company’s stock after selling 40,797 shares during the period. Atom Investors LP’s holdings in Adtalem Global Education were worth $6,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacer Advisors Inc. increased its position in shares of Adtalem Global Education by 81,701.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after purchasing an additional 1,328,462 shares during the last quarter. LSV Asset Management lifted its holdings in Adtalem Global Education by 2,360.6% during the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock worth $43,973,000 after buying an additional 618,466 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares in the last quarter. Peregrine Asset Advisers Inc. purchased a new position in shares of Adtalem Global Education in the 2nd quarter valued at about $4,348,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Adtalem Global Education by 111.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 97,511 shares of the company’s stock worth $6,651,000 after acquiring an additional 51,287 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 19,936 shares of Adtalem Global Education stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $73.82, for a total value of $1,471,675.52. Following the transaction, the director now directly owns 105,085 shares in the company, valued at $7,757,374.70. This trade represents a 15.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Adtalem Global Education Price Performance

ATGE stock opened at $91.41 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.43 billion, a P/E ratio of 20.92, a PEG ratio of 1.03 and a beta of 0.95. The business has a 50 day simple moving average of $80.19 and a 200-day simple moving average of $73.91. Adtalem Global Education Inc. has a twelve month low of $43.78 and a twelve month high of $92.93.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same period last year, the firm posted $0.93 EPS. Adtalem Global Education’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

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.