Bridgewater Associates LP Sells 41,113 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Bridgewater Associates LP trimmed its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 27.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,858 shares of the company’s stock after selling 41,113 shares during the quarter. Bridgewater Associates LP owned approximately 0.29% of Adtalem Global Education worth $8,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education in the third quarter worth approximately $27,000. Quarry LP bought a new stake in Adtalem Global Education in the 2nd quarter worth $43,000. GAMMA Investing LLC grew its holdings in Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after acquiring an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Adtalem Global Education in the first quarter valued at about $53,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Adtalem Global Education during the third quarter valued at about $123,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ATGE has been the topic of several recent analyst reports. Barrington Research raised their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Insider Transactions at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 7,292 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the sale, the director now directly owns 105,085 shares of the company’s stock, valued at $7,576,628.50. The trade was a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $90.75 on Friday. The company has a 50-day simple moving average of $79.55 and a two-hundred day simple moving average of $73.55. 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 firm has a market capitalization of $3.40 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.04 and a beta of 0.95. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.17. The company had revenue of $417.40 million for 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 firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. On average, analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal 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.