Pacer Advisors Inc. Sells 1,193,576 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Pacer Advisors Inc. decreased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 99.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,740 shares of the company's stock after selling 1,193,576 shares during the quarter. Pacer Advisors Inc.'s holdings in Adtalem Global Education were worth $340,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ATGE. USA Financial Formulas acquired a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company's stock worth $97,000 after buying an additional 483 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Adtalem Global Education in the 3rd quarter valued at $123,000. Finally, KBC Group NV grew its position in Adtalem Global Education by 31.9% in the 4th quarter. KBC Group NV now owns 1,654 shares of the company's stock valued at $150,000 after purchasing an additional 400 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Down 2.0 %

NYSE:ATGE traded down $2.17 during trading hours on Friday, hitting $107.00. 437,861 shares of the company traded hands, compared to its average volume of 381,883. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm's 50-day simple moving average is $94.99 and its 200-day simple moving average is $83.51. Adtalem Global Education Inc. has a one year low of $45.16 and a one year high of $112.43. The company has a market cap of $3.99 billion, a PE ratio of 19.93, a PEG ratio of 1.17 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ATGE shares. Barrington Research lifted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd.

Insider Transactions at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Burke sold 4,000 shares of Adtalem Global Education 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 transaction, the director now directly owns 11,659 shares of the company's stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.