HighTower Advisors LLC Trims Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

HighTower Advisors LLC reduced its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 57.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,980 shares of the company's stock after selling 10,567 shares during the quarter. HighTower Advisors LLC's holdings in Adtalem Global Education were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ATGE. Glenmede Trust Co. NA grew its position in Adtalem Global Education by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock worth $994,000 after purchasing an additional 192 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Adtalem Global Education by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company's stock worth $1,443,000 after buying an additional 283 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Adtalem Global Education in the third quarter worth $27,000. Clear Creek Financial Management LLC increased its position in Adtalem Global Education by 3.3% during the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company's stock valued at $1,043,000 after acquiring an additional 439 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Adtalem Global Education by 0.8% in the third quarter. Bank of Montreal Can now owns 54,494 shares of the company's stock valued at $4,099,000 after acquiring an additional 450 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Performance

Shares of ATGE stock traded down $1.13 during trading hours on Friday, reaching $87.28. 2,115,539 shares of the company traded hands, compared to its average volume of 462,857. The firm has a 50-day moving average price of $84.51 and a 200 day moving average price of $76.21. The company has a market cap of $3.27 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. 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, beating the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, sell-side analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets boosted their price target 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. 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. Finally, Barrington Research increased their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th.

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.