Algert Global LLC Sells 66,117 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Algert Global LLC lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 54.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,394 shares of the company's stock after selling 66,117 shares during the quarter. Algert Global LLC owned 0.15% of Adtalem Global Education worth $4,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ATGE. Meeder Asset Management Inc. purchased a new position in shares of Adtalem Global Education in the third quarter worth about $27,000. Quarry LP bought a new stake in Adtalem Global Education in the second quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Adtalem Global Education during the first quarter valued at approximately $53,000. GAMMA Investing LLC grew its holdings in shares of Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after purchasing an additional 433 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new position in shares of Adtalem Global Education in the second quarter worth $142,000. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Trading Up 1.7 %

NYSE ATGE traded up $1.49 during trading on Monday, hitting $91.57. The company had a trading volume of 463,363 shares, compared to its average volume of 466,017. The company's fifty day moving average is $78.85 and its 200-day moving average is $73.25. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95. 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 Inc. has a one year low of $43.78 and a one year high of $92.93.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the business posted $0.93 earnings per share. Adtalem Global Education's quarterly revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lisa W. Wardell sold 24,637 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the sale, the director now owns 105,085 shares of the company's stock, valued at $7,944,426. The trade was a 18.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the transaction, the chief accounting officer now directly owns 4,720 shares of the company's stock, valued at $355,888. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 81,110 shares of company stock valued at $6,074,681 over the last ninety days. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

ATGE has been the topic of a number of recent analyst reports. Barrington Research raised their price target 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. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets upped their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th.

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.