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Centiva Capital LP Buys Shares of 12,678 Adtalem Global Education Inc. (NYSE:ATGE)

Adtalem Global Education logo with Consumer Discretionary background

Centiva Capital LP bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,678 shares of the company's stock, valued at approximately $957,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new stake in shares of Adtalem Global Education in the 3rd quarter valued at approximately $27,000. Quarry LP purchased a new position in Adtalem Global Education in the second quarter valued at $43,000. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education in the first quarter valued at $53,000. GAMMA Investing LLC lifted its holdings in Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after buying an additional 433 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Adtalem Global Education during the 3rd quarter worth about $123,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Performance

NYSE ATGE traded down $0.49 on Friday, reaching $91.20. The stock had a trading volume of 361,152 shares, compared to its average volume of 459,904. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $3.42 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. The business's 50-day moving average price is $81.41 and its 200 day moving average price is $74.57. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $92.93.

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

Insiders Place Their Bets

In related news, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the transaction, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William W. Burke sold 4,000 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company's stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. 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 raised their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets upped their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.

View Our Latest Report on Adtalem Global Education

Adtalem Global Education Company Profile

(Free Report)

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.

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

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