Point72 DIFC Ltd Takes $516,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Point72 DIFC Ltd bought a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,835 shares of the company's stock, valued at approximately $516,000.

Several other large investors have also added to or reduced their stakes in the business. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education in the 3rd quarter valued at approximately $27,000. Quarry LP bought a new stake in shares of Adtalem Global Education during the 2nd quarter valued at $43,000. DekaBank Deutsche Girozentrale purchased a new stake in Adtalem Global Education during the 1st quarter worth about $53,000. GAMMA Investing LLC grew 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 valued at $55,000 after buying an additional 433 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the third quarter valued at about $123,000. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

Adtalem Global Education stock traded down $0.49 during mid-day trading on Friday, hitting $91.20. 361,193 shares of the company traded hands, compared to its average volume of 362,737. The stock has a fifty day moving average price of $81.73 and a 200-day moving average price of $74.75. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94.

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

Insider Activity

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 7,292 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the transaction, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. This trade represents a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on ATGE shares. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. StockNews.com cut 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 Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th.

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.