Algert Global LLC Decreases Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Algert Global LLC lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 54.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,394 shares of the company’s stock after selling 66,117 shares during the quarter. Algert Global LLC’s holdings in Adtalem Global Education were worth $4,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its position in Adtalem Global Education by 1.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock valued at $1,343,000 after buying an additional 233 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock valued at $1,443,000 after acquiring an additional 283 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education during the third quarter valued at about $27,000. GAMMA Investing LLC boosted its holdings in shares of Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after purchasing an additional 433 shares during the period. Finally, Clear Creek Financial Management LLC grew its stake in shares of Adtalem Global Education by 3.3% in the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock worth $1,043,000 after purchasing an additional 439 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on ATGE shares. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research upped their target price on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Insider Transactions at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the sale, the chief accounting officer now owns 4,720 shares in the company, valued at $355,888. This represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The trade was a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,110 shares of company stock valued at $6,074,681 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Stock Up 1.4 %

Shares of NYSE:ATGE opened at $90.08 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93. The firm has a market capitalization of $3.38 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.01 and a beta of 0.95. The stock has a 50 day moving average price of $78.49 and a 200-day moving average price of $73.05.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, equities research analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

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.