Adtalem Global Education Inc. (NYSE:ATGE) Stake Trimmed by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 10.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,197,316 shares of the company's stock after selling 132,772 shares during the quarter. Pacer Advisors Inc. owned approximately 3.19% of Adtalem Global Education worth $90,373,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ATGE. SG Americas Securities LLC purchased a new position in shares of Adtalem Global Education during the 1st quarter worth about $209,000. Russell Investments Group Ltd. grew its position in Adtalem Global Education by 8.5% during the first quarter. Russell Investments Group Ltd. now owns 22,093 shares of the company's stock valued at $1,136,000 after acquiring an additional 1,724 shares during the period. ProShare Advisors LLC increased its stake in Adtalem Global Education by 5.7% during the first quarter. ProShare Advisors LLC now owns 7,889 shares of the company's stock worth $405,000 after acquiring an additional 423 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Adtalem Global Education by 30.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,913 shares of the company's stock worth $869,000 after purchasing an additional 3,970 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Adtalem Global Education by 10.5% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 6,997 shares of the company's stock valued at $366,000 after purchasing an additional 666 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Stock Up 1.3 %

Shares of ATGE traded up $1.17 during trading on Friday, reaching $89.99. The company's stock had a trading volume of 337,111 shares, compared to its average volume of 466,026. Adtalem Global Education Inc. has a twelve month low of $43.78 and a twelve month high of $92.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a fifty day moving average of $78.49 and a two-hundred day moving average of $72.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results 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 return on equity of 15.63% and a net margin of 10.55%. The company had revenue of $417.40 million during the quarter, compared to analyst estimates of $397.48 million. During the same quarter last year, the firm earned $0.93 EPS. The business's revenue was up 13.2% on a year-over-year basis. On average, sell-side analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Activity at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 28,301 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the sale, the director now directly owns 105,085 shares of the company's stock, valued at approximately $7,959,137.90. This represents a 21.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value 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 sold a total of 81,110 shares of company stock valued at $6,074,681 in the last quarter. Insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ATGE shares. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Barrington Research increased their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

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.