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

Atom Investors LP lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 31.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 88,573 shares of the company’s stock after selling 40,797 shares during the period. Atom Investors LP owned about 0.24% of Adtalem Global Education worth $6,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Adtalem Global Education by 78.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,404 shares of the company’s stock valued at $332,000 after purchasing an additional 1,942 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Adtalem Global Education during the third quarter valued at $2,314,000. Verition Fund Management LLC purchased a new position in Adtalem Global Education in the third quarter valued at $1,113,000. PEAK6 Investments LLC raised its position in shares of Adtalem Global Education by 29.4% in the third quarter. PEAK6 Investments LLC now owns 41,932 shares of the company’s stock worth $3,165,000 after acquiring an additional 9,529 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in shares of Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock worth $994,000 after acquiring an additional 192 shares in the last quarter. 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, Director Lisa W. Wardell sold 7,292 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the transaction, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $91.41 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $3.43 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. The firm’s 50-day moving average is $80.19 and its two-hundred day moving average is $73.91. Adtalem Global Education Inc. has a 12 month low of $43.78 and a 12 month high of $92.93.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating 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 firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same quarter in the previous year, the company earned $0.93 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ATGE. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barrington Research increased their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

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.