Quest Partners LLC Has $1.07 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Quest Partners LLC lifted its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 173.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,204 shares of the company's stock after buying an additional 9,008 shares during the quarter. Quest Partners LLC's holdings in Adtalem Global Education were worth $1,072,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of Adtalem Global Education by 81,701.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company's stock worth $90,725,000 after buying an additional 1,328,462 shares during the last quarter. LSV Asset Management increased its position in shares of Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company's stock worth $43,973,000 after purchasing an additional 618,466 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company's stock valued at $227,299,000 after purchasing an additional 100,705 shares during the period. Assenagon Asset Management S.A. grew its stake in 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 worth $5,950,000 after buying an additional 65,945 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $4,348,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Trading Up 1.9 %

NYSE:ATGE traded up $1.64 on Thursday, hitting $88.93. 25,615 shares of the stock were exchanged, compared to its average volume of 465,387. The stock has a fifty day moving average of $77.81 and a 200-day moving average of $72.62. The stock has a market cap of $3.33 billion, a PE ratio of 19.97, a PEG ratio of 0.99 and a beta of 0.95. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93. 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 (NYSE:ATGE - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million for the quarter, compared to analysts' expectations of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. As a group, equities analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at Adtalem Global Education

In other news, 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 transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now owns 4,720 shares in the company, valued at approximately $355,888. This trade represents a 16.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisa W. Wardell sold 28,301 shares of the stock in a transaction 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 sale, the director now owns 105,085 shares of the company's stock, valued at $7,959,137.90. This trade represents a 21.22 % 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.

About Adtalem Global Education

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.