Martingale Asset Management L P Has $1.11 Million Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Martingale Asset Management L P trimmed its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 31.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,687 shares of the company's stock after selling 6,763 shares during the quarter. Martingale Asset Management L P's holdings in Adtalem Global Education were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in shares of Adtalem Global Education by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,639 shares of the company's stock worth $1,627,000 after buying an additional 1,197 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Adtalem Global Education during the 1st quarter worth approximately $53,000. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after acquiring an additional 433 shares in the last quarter. Gladius Capital Management LP acquired a new position in Adtalem Global Education during the 2nd quarter valued at approximately $142,000. Finally, Neo Ivy Capital Management acquired a new position in Adtalem Global Education during the 2nd quarter worth $1,301,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insiders Place Their Bets

In other news, Director William W. Burke sold 4,000 shares of the firm'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 completion of the sale, the director now directly owns 11,659 shares of the company's stock, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education 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 sale, the director now owns 105,085 shares of the company's stock, valued at $7,576,628.50. This represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,228 shares of company stock valued at $2,358,989. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Trading Up 0.1 %

Adtalem Global Education stock traded up $0.10 during midday trading on Monday, hitting $91.51. 520,934 shares of the stock were exchanged, compared to its average volume of 462,863. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.03 and a beta of 0.95. The stock's 50-day simple moving average is $80.19 and its 200 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 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. 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 analysts' expectations of $397.48 million. During the same quarter in the prior year, the business earned $0.93 EPS. Adtalem Global Education's quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

ATGE has been the subject of several analyst reports. 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 lifted their target price 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. Finally, StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

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.