Verition Fund Management LLC Buys Shares of 14,743 Adtalem Global Education Inc. (NYSE:ATGE)

Verition Fund Management LLC acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,743 shares of the company's stock, valued at approximately $1,113,000.

Several other large investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Adtalem Global Education in the 3rd quarter valued at approximately $27,000. Quarry LP bought a new position in Adtalem Global Education in the second quarter valued at $43,000. GAMMA Investing LLC grew its position in Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company's stock valued at $55,000 after purchasing an additional 433 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education in the 1st quarter valued at $53,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Adtalem Global Education during the 3rd quarter worth about $123,000. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ATGE shares. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Barrington Research boosted their price target on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective 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.

Adtalem Global Education Stock Performance

Shares of ATGE stock traded down $0.49 during midday trading on Friday, hitting $91.20. 361,193 shares of the company were exchanged, compared to its average volume of 362,737. The firm's 50 day moving average price is $81.73 and its two-hundred day moving average price is $74.81. 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 firm has a market capitalization of $3.42 billion, a P/E ratio of 20.87, a PEG ratio of 1.04 and a beta of 0.96. 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 - Get Free Report) last announced its 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 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 quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. As a group, equities research analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Insider Activity

In other news, Director William W. Burke sold 4,000 shares of the 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 sale, the director now directly owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the transaction, the director now directly owns 105,085 shares of the company's stock, valued at approximately $7,576,628.50. This trade represents a 6.49 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

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.