Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 62.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,400 shares of the company's stock after selling 49,428 shares during the period. Assenagon Asset Management S.A. owned about 0.08% of Adtalem Global Education worth $2,671,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its position in Adtalem Global Education by 5.3% in the second quarter. American Century Companies Inc. now owns 71,916 shares of the company's stock worth $4,905,000 after acquiring an additional 3,638 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Adtalem Global Education during the second quarter valued at $633,000. Canada Pension Plan Investment Board raised its holdings in shares of Adtalem Global Education by 79.8% in the second quarter. Canada Pension Plan Investment Board now owns 57,900 shares of the company's stock valued at $3,949,000 after acquiring an additional 25,700 shares in the last quarter. Sei Investments Co. lifted its holdings in Adtalem Global Education by 37.5% during the second quarter. Sei Investments Co. now owns 111,265 shares of the company's stock worth $7,589,000 after buying an additional 30,336 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Adtalem Global Education by 3.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 82,752 shares of the company's stock worth $5,645,000 after acquiring an additional 2,419 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATGE. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target on Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Barrington Research boosted their price objective on Adtalem Global Education from $95.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, January 17th.

Adtalem Global Education Price Performance

NYSE:ATGE traded up $0.81 during trading hours on Thursday, reaching $100.42. 282,998 shares of the company were exchanged, compared to its average volume of 360,507. The stock's 50-day moving average is $91.51 and its 200-day moving average is $81.02. Adtalem Global Education Inc. has a twelve month low of $43.78 and a twelve month high of $100.54. The firm has a market cap of $3.76 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.12 and a beta of 0.96. 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 issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the company posted $0.93 EPS. Adtalem Global Education's quarterly revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, 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 transaction, the director now owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

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.