Atom Investors LP Sells 40,797 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Atom Investors LP reduced its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 31.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,573 shares of the company's stock after selling 40,797 shares during the quarter. Atom Investors LP owned about 0.24% of Adtalem Global Education worth $6,685,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ATGE. Algert Global LLC boosted its stake in shares of Adtalem Global Education by 30.6% in the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company's stock valued at $8,356,000 after purchasing an additional 28,698 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Adtalem Global Education during the 2nd quarter valued at $670,000. TradeLink Capital LLC bought a new position in shares of Adtalem Global Education in the 2nd quarter worth about $522,000. Victory Capital Management Inc. raised its holdings in Adtalem Global Education by 130.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,650 shares of the company's stock worth $2,540,000 after acquiring an additional 19,026 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new stake in Adtalem Global Education during the 2nd quarter valued at $4,348,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. 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 report on Wednesday, October 30th. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the completion of the transaction, the director now directly owns 105,085 shares in the company, valued at approximately $7,576,628.50. This represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William W. Burke sold 4,000 shares of the business'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 in the company, valued at $1,053,857.01. This represents a 25.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 31,228 shares of company stock worth $2,358,989. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

NYSE ATGE traded up $0.16 on Monday, reaching $91.57. 496,206 shares of the stock were exchanged, compared to its average volume of 462,757. The firm has a market capitalization of $3.43 billion, a PE ratio of 20.76, a PEG ratio of 1.03 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. The company's 50-day simple moving average is $80.19 and its two-hundred day simple moving average is $73.97. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data 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. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. Analysts expect that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Adtalem Global Education 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.