Numeric Investors LLC Takes Position in Adtalem Global Education Inc (ATGE)

Numeric Investors LLC purchased a new stake in shares of Adtalem Global Education Inc (NASDAQ:ATGE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 44,961 shares of the company’s stock, valued at approximately $1,706,000. Numeric Investors LLC owned 0.07% of Adtalem Global Education as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of ATGE. Northwestern Mutual Investment Management Company LLC purchased a new stake in Adtalem Global Education during the second quarter valued at about $174,000. GHP Investment Advisors Inc. purchased a new stake in Adtalem Global Education during the second quarter valued at about $202,000. Parametrica Management Ltd purchased a new stake in Adtalem Global Education during the second quarter valued at about $232,000. First Mercantile Trust Co. purchased a new stake in Adtalem Global Education during the second quarter valued at about $253,000. Finally, ING Groep NV purchased a new stake in shares of Adtalem Global Education in the second quarter worth about $263,000.

Shares of Adtalem Global Education Inc (ATGE) traded down 1.25% during midday trading on Tuesday, reaching $35.50. 147,731 shares of the company were exchanged. The stock has a market capitalization of $2.20 billion and a P/E ratio of 18.59. Adtalem Global Education Inc has a 12-month low of $21.97 and a 12-month high of $40.70. The company has a 50 day moving average price of $34.51 and a 200-day moving average price of $35.71.

Adtalem Global Education (NASDAQ:ATGE) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.09. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $452.77 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. On average, analysts forecast that Adtalem Global Education Inc will post $2.88 earnings per share for the current fiscal year.

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In other news, insider Eric P. Dirst sold 3,114 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $34.06, for a total transaction of $106,062.84. Following the transaction, the insider now owns 14,800 shares of the company’s stock, valued at approximately $504,088. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John P. Roselli sold 2,327 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $33.99, for a total value of $79,094.73. Following the transaction, the insider now directly owns 13,730 shares in the company, valued at approximately $466,682.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,328 shares of company stock worth $384,138.

A number of brokerages have recently issued reports on ATGE. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 price target (down from $40.00) on shares of Adtalem Global Education in a report on Monday, August 21st. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, July 7th.

About Adtalem Global Education

Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.

Institutional Ownership by Quarter for Adtalem Global Education (NASDAQ:ATGE)

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