Algert Global LLC Sells 66,117 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Algert Global LLC lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 54.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,394 shares of the company’s stock after selling 66,117 shares during the quarter. Algert Global LLC owned approximately 0.15% of Adtalem Global Education worth $4,257,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Adtalem Global Education during the third quarter worth $27,000. Quarry LP acquired a new position in Adtalem Global Education during the 2nd quarter worth about $43,000. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after buying an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education in the 1st quarter valued at about $53,000. Finally, Gladius Capital Management LP acquired a new stake in shares of Adtalem Global Education in the second quarter valued at about $142,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. The trade was a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lisa W. Wardell sold 24,637 shares of the firm’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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 81,110 shares of company stock valued at $6,074,681 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Adtalem Global Education Stock Performance

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

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The company had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. Adtalem Global Education’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. On average, equities analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

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.