Phocas Financial Corp. Has $1.80 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Phocas Financial Corp. cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 85.0% in the 4th quarter, HoldingsChannel reports. The firm owned 19,840 shares of the company’s stock after selling 112,371 shares during the quarter. Adtalem Global Education accounts for approximately 1.3% of Phocas Financial Corp.’s investment portfolio, making the stock its 11th biggest holding. Phocas Financial Corp.’s holdings in Adtalem Global Education were worth $1,802,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ATGE. State Street Corp grew its holdings in Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after buying an additional 23,464 shares in the last quarter. Wellington Management Group LLP lifted its stake in Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock worth $75,049,000 after purchasing an additional 6,842 shares during the last quarter. Principal Financial Group Inc. boosted its position in Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock valued at $18,227,000 after buying an additional 7,069 shares during the period. Peregrine Asset Advisers Inc. increased its holdings in shares of Adtalem Global Education by 14.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company’s stock worth $8,831,000 after buying an additional 12,084 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Up 0.1 %

NYSE ATGE opened at $98.02 on Wednesday. The company has a market capitalization of $3.65 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.05 and a beta of 0.97. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.43. The stock has a 50 day moving average price of $98.17 and a 200-day moving average price of $85.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, equities analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,997 shares of company stock valued at $1,747,608 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on ATGE. BMO Capital Markets raised their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Barrington Research raised their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

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.