Seven Eight Capital LP Takes $690,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Seven Eight Capital LP bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 13,423 shares of the company’s stock, valued at approximately $690,000.

Several other large investors also recently made changes to their positions in ATGE. Covestor Ltd boosted its stake in Adtalem Global Education by 7,430.0% during the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Adtalem Global Education during the 1st quarter valued at about $482,000. Vanguard Group Inc. boosted its stake in Adtalem Global Education by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after purchasing an additional 100,705 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Adtalem Global Education by 10.5% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,997 shares of the company’s stock valued at $366,000 after purchasing an additional 666 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Adtalem Global Education during the 1st quarter valued at about $792,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

Shares of Adtalem Global Education stock traded up $1.05 during mid-day trading on Tuesday, hitting $79.33. 424,786 shares of the stock were exchanged, compared to its average volume of 506,720. Adtalem Global Education Inc. has a 12 month low of $41.79 and a 12 month high of $80.18. The company has a 50-day simple moving average of $67.54 and a 200 day simple moving average of $57.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $2.98 billion, a P/E ratio of 29.82, a P/E/G ratio of 0.90 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, May 2nd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.16 by $0.34. Adtalem Global Education had a net margin of 7.12% and a return on equity of 14.06%. The firm had revenue of $412.70 million for the quarter, compared to analysts’ expectations of $391.68 million. During the same quarter last year, the firm earned $1.13 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts anticipate that Adtalem Global Education Inc. will post 4.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Manjunath Gangadharan sold 946 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $65.75, for a total value of $62,199.50. Following the sale, the chief accounting officer now owns 6,040 shares of the company’s stock, valued at approximately $397,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird lifted their price target on Adtalem Global Education from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Barrington Research lifted their target price on shares of Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd.

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.