Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Lido Advisors LLC

Lido Advisors LLC decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 27.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,577 shares of the company’s stock after selling 3,171 shares during the period. Lido Advisors LLC’s holdings in Adtalem Global Education were worth $295,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Swiss National Bank boosted its stake in shares of Adtalem Global Education by 0.9% during the second quarter. Swiss National Bank now owns 98,900 shares of the company’s stock worth $3,396,000 after buying an additional 900 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Adtalem Global Education by 2.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,294 shares of the company’s stock valued at $1,693,000 after purchasing an additional 1,169 shares during the period. Royce & Associates LP lifted its position in Adtalem Global Education by 27.8% in the second quarter. Royce & Associates LP now owns 111,200 shares of the company’s stock valued at $3,819,000 after purchasing an additional 24,200 shares during the period. Barclays PLC lifted its position in Adtalem Global Education by 48.2% in the second quarter. Barclays PLC now owns 46,166 shares of the company’s stock valued at $1,586,000 after purchasing an additional 15,024 shares during the period. Finally, Jennison Associates LLC acquired a new stake in Adtalem Global Education in the second quarter valued at about $642,000. Institutional investors and hedge funds own 95.77% of the company’s stock.

Adtalem Global Education Price Performance

ATGE stock opened at $55.77 on Tuesday. The firm has a 50 day moving average of $47.34 and a 200-day moving average of $43.33. Adtalem Global Education Inc. has a 12-month low of $33.59 and a 12-month high of $56.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 0.86 and a beta of 0.98.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.11. Adtalem Global Education had a net margin of 7.02% and a return on equity of 12.98%. The company had revenue of $368.85 million during the quarter, compared to the consensus estimate of $362.42 million. As a group, equities analysts expect that Adtalem Global Education Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In other news, CAO Manjunath Gangadharan sold 1,418 shares of Adtalem Global Education stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $43.45, for a total transaction of $61,612.10. Following the completion of the sale, the chief accounting officer now directly owns 7,420 shares in the company, valued at approximately $322,399. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Manjunath Gangadharan sold 1,418 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $43.45, for a total transaction of $61,612.10. Following the completion of the transaction, the chief accounting officer now directly owns 7,420 shares of the company’s stock, valued at approximately $322,399. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lisa W. Wardell sold 29,172 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $55.02, for a total transaction of $1,605,043.44. Following the transaction, the director now directly owns 161,238 shares of the company’s stock, valued at $8,871,314.76. The disclosure for this sale can be found here. In the last three months, insiders sold 50,823 shares of company stock worth $2,779,673. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ATGE shares. Barrington Research restated an “outperform” rating and issued a $55.00 price objective on shares of Adtalem Global Education in a research report on Friday, October 27th. Robert W. Baird upgraded shares of Adtalem Global Education from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $47.00 to $55.00 in a research report on Friday, October 27th. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 14th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $53.33.

About Adtalem Global Education

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.