Adtalem Global Education Inc. (NYSE:ATGE) Position Trimmed by Ariel Investments LLC

Ariel Investments LLC cut its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,941,733 shares of the company's stock after selling 137,584 shares during the quarter. Adtalem Global Education makes up 2.2% of Ariel Investments LLC's investment portfolio, making the stock its 14th largest position. Ariel Investments LLC owned about 7.82% of Adtalem Global Education worth $200,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ATGE. Pacer Advisors Inc. boosted its position in shares of Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company's stock worth $90,725,000 after acquiring an additional 1,328,462 shares during the last quarter. Capital World Investors acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $57,787,000. LSV Asset Management boosted its position in shares of Adtalem Global Education by 2,360.6% in the second quarter. LSV Asset Management now owns 644,666 shares of the company's stock worth $43,973,000 after acquiring an additional 618,466 shares during the last quarter. Norges Bank acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $9,656,000. Finally, Bridgewater Associates LP boosted its position in shares of Adtalem Global Education by 125.3% in the fourth quarter. Bridgewater Associates LP now owns 226,791 shares of the company's stock worth $13,369,000 after acquiring an additional 126,114 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Trading Down 1.4 %

ATGE stock traded down $1.02 during midday trading on Thursday, reaching $74.21. 295,936 shares of the company's stock traded hands, compared to its average volume of 490,191. The company has a market capitalization of $2.79 billion, a P/E ratio of 28.41, a PEG ratio of 0.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. Adtalem Global Education Inc. has a fifty-two week low of $41.89 and a fifty-two week high of $80.18. The business has a 50-day moving average price of $74.52 and a two-hundred day moving average price of $64.47.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. The firm had revenue of $409.91 million for the quarter, compared to analysts' expectations of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. Adtalem Global Education's revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. Equities research analysts forecast that Adtalem Global Education Inc. will post 5.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ATGE shares. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Barrington Research reaffirmed an "outperform" rating and set a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th. Finally, BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an "outperform" rating in a research report on Thursday, August 8th.

Insider Activity

In other news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now owns 94,804 shares in the company, valued at $6,779,434.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total value of $4,814,768.30. Following the completion of the sale, the director now owns 94,804 shares in the company, valued at $6,779,434.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares of the company's stock, valued at approximately $355,888. The disclosure for this sale can be found here. Insiders have sold 148,440 shares of company stock worth $10,889,450 over the last 90 days. Company insiders own 2.20% of the company's stock.

About Adtalem Global Education

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.