Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by SG Capital Management LLC

SG Capital Management LLC decreased its position in Adtalem Global Education Inc. (NYSE:ATGE) by 3.6% in the 1st quarter, HoldingsChannel reports. The firm owned 255,628 shares of the company’s stock after selling 9,666 shares during the period. Adtalem Global Education makes up about 4.3% of SG Capital Management LLC’s holdings, making the stock its 5th largest holding. SG Capital Management LLC’s holdings in Adtalem Global Education were worth $13,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in shares of Adtalem Global Education by 19.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,280 shares of the company’s stock worth $75,000 after purchasing an additional 210 shares during the period. Blue Trust Inc. grew its holdings in shares of Adtalem Global Education by 41.4% during the 4th quarter. Blue Trust Inc. now owns 1,042 shares of the company’s stock worth $61,000 after purchasing an additional 305 shares during the period. ProShare Advisors LLC grew its holdings in shares of Adtalem Global Education by 5.7% during the 1st quarter. ProShare Advisors LLC now owns 7,889 shares of the company’s stock worth $405,000 after purchasing an additional 423 shares during the period. Center for Financial Planning Inc. grew its holdings in shares of Adtalem Global Education by 50.3% during the 4th quarter. Center for Financial Planning Inc. now owns 1,910 shares of the company’s stock worth $113,000 after purchasing an additional 639 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of 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 worth $366,000 after purchasing an additional 666 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

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

Adtalem Global Education Stock Down 1.7 %

NYSE ATGE traded down $1.32 on Friday, reaching $75.67. The company had a trading volume of 386,320 shares, compared to its average volume of 441,048. The firm has a market capitalization of $2.85 billion, a PE ratio of 28.45, a P/E/G ratio of 0.90 and a beta of 0.97. Adtalem Global Education Inc. has a 1 year low of $41.79 and a 1 year high of $80.18. The firm has a 50-day moving average of $69.50 and a 200-day moving average of $58.59. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.76 and a quick ratio of 0.76.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barrington Research boosted their target price on Adtalem Global Education from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Robert W. Baird upped their price target on Adtalem Global Education from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd.

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.