Phocas Financial Corp. Sells 8,324 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Phocas Financial Corp. cut its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,211 shares of the company's stock after selling 8,324 shares during the period. Phocas Financial Corp. owned approximately 0.35% of Adtalem Global Education worth $9,979,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in Adtalem Global Education during the third quarter worth about $27,000. Covestor Ltd grew its position in shares of Adtalem Global Education by 7,430.0% in the 1st quarter. Covestor Ltd now owns 753 shares of the company's stock valued at $38,000 after purchasing an additional 743 shares during the period. Quarry LP bought a new stake in Adtalem Global Education during the 2nd quarter worth approximately $43,000. DekaBank Deutsche Girozentrale acquired a new stake in Adtalem Global Education during the 1st quarter worth approximately $53,000. Finally, GAMMA Investing LLC raised its holdings in Adtalem Global Education by 116.7% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company's stock worth $55,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

ATGE has been the topic of several research analyst reports. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Barrington Research lifted their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th.

Insider Buying and Selling

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total transaction of $525,753.20. Following the completion of the transaction, the director now directly owns 105,085 shares of the company's stock, valued at $7,576,628.50. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the chief accounting officer now directly owns 4,720 shares of the company's stock, valued at approximately $355,888. This trade represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,110 shares of company stock worth $6,074,681. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Up 0.4 %

Shares of NYSE ATGE traded up $0.34 during midday trading on Tuesday, reaching $87.68. The company's stock had a trading volume of 100,771 shares, compared to its average volume of 467,665. 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 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 $3.29 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 0.99 and a beta of 0.95. The stock has a 50 day simple moving average of $77.12 and a 200-day simple moving average of $72.32.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Equities research analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

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.