Phocas Financial Corp. Has $1.80 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Phocas Financial Corp. cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 85.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,840 shares of the company's stock after selling 112,371 shares during the quarter. Adtalem Global Education comprises approximately 1.3% of Phocas Financial Corp.'s portfolio, making the stock its 11th biggest holding. Phocas Financial Corp. owned approximately 0.05% of Adtalem Global Education worth $1,802,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ATGE. Assenagon Asset Management S.A. raised its holdings in shares of Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company's stock valued at $5,950,000 after buying an additional 65,945 shares during the period. Leuthold Group LLC acquired a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $3,095,000. Edgestream Partners L.P. acquired a new position in shares of Adtalem Global Education in the 3rd quarter worth approximately $2,314,000. Calamos Advisors LLC bought a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $2,530,000. Finally, State Street Corp lifted its holdings in shares of Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after purchasing an additional 23,464 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Up 3.8 %

Shares of Adtalem Global Education stock traded up $3.75 during trading on Wednesday, hitting $101.76. 446,068 shares of the stock traded hands, compared to its average volume of 416,809. The stock has a market cap of $3.79 billion, a P/E ratio of 18.95, a PEG ratio of 1.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.43. The company has a fifty day moving average price of $98.48 and a two-hundred day moving average price of $86.02.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several recent analyst reports. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. BMO Capital Markets upped their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Barrington Research boosted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, January 31st.

Insider Activity

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company's stock in a transaction on Friday, November 29th. The stock was 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. This represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,997 shares of company stock worth $1,747,608. Company insiders own 2.00% of the company's stock.

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.