Adtalem Global Education Inc. (NYSE:ATGE) Stake Trimmed by Gladius Capital Management LP

Gladius Capital Management LP lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 68.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 664 shares of the company’s stock after selling 1,417 shares during the period. Gladius Capital Management LP’s holdings in Adtalem Global Education were worth $50,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ATGE. Covestor Ltd raised its holdings in shares of Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after acquiring an additional 743 shares during the period. Quarry LP acquired a new stake in Adtalem Global Education during the 2nd quarter valued at $43,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Adtalem Global Education in the first quarter valued at $53,000. GAMMA Investing LLC boosted its position in shares of Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Adtalem Global Education in the first quarter worth $209,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE opened at $87.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93. The business’s 50-day moving average price is $76.78 and its two-hundred day moving average price is $71.93. The company has a market capitalization of $3.27 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced 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 return on equity of 15.63% and a net margin of 10.55%. The business had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,576,628.50. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at approximately $355,888. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,110 shares of company stock valued at $6,074,681 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Adtalem Global Education Company 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.