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

Phocas Financial Corp. lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 85.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,840 shares of the company’s stock after selling 112,371 shares during the period. Adtalem Global Education accounts for 1.3% of Phocas Financial Corp.’s portfolio, making the stock its 11th largest holding. Phocas Financial Corp. owned 0.05% of Adtalem Global Education worth $1,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATGE. State Street Corp grew its position in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after purchasing an additional 23,464 shares during the last quarter. Wellington Management Group LLP grew its position in Adtalem Global Education by 0.7% during the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock worth $75,049,000 after buying an additional 6,842 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of 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 purchasing an additional 7,069 shares during the period. Peregrine Asset Advisers Inc. raised its stake 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 valued at $8,831,000 after purchasing an additional 12,084 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after purchasing an additional 65,945 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Up 0.1 %

Shares of NYSE ATGE opened at $98.02 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. Adtalem Global Education Inc. has a 12-month low of $45.18 and a 12-month high of $112.43. The firm’s 50-day simple moving average is $98.17 and its 200 day simple moving average is $85.91.

Adtalem Global Education (NYSE:ATGE) last released 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%. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the sale, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,997 shares of company stock worth $1,747,608 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

ATGE has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research raised their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 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.