Sanctuary Advisors LLC lifted its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 119.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,587 shares of the company's stock after purchasing an additional 11,759 shares during the period. Sanctuary Advisors LLC owned approximately 0.06% of Adtalem Global Education worth $1,629,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP raised its holdings in Adtalem Global Education by 4.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company's stock worth $231,000 after purchasing an additional 126 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock worth $994,000 after buying an additional 192 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company's stock worth $1,443,000 after buying an additional 283 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Adtalem Global Education in the third quarter valued at approximately $27,000. Finally, Clear Creek Financial Management LLC boosted its stake in Adtalem Global Education by 3.3% in the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company's stock valued at $1,043,000 after acquiring an additional 439 shares during the last quarter. 98.84% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, Director William W. Burke sold 4,000 shares of the business's stock in a transaction dated 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. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on ATGE shares. Barrington Research raised their price target on Adtalem Global Education from $90.00 to $95.00 and gave the stock an "outperform" rating in a research 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, BMO Capital Markets upped their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th.
Read Our Latest Analysis on ATGE
Adtalem Global Education Trading Down 1.3 %
Shares of ATGE traded down $1.13 during trading hours on Friday, reaching $87.28. The stock had a trading volume of 2,115,539 shares, compared to its average volume of 462,857. The company has a market cap of $3.27 billion, a P/E ratio of 19.97, a P/E/G ratio of 1.01 and a beta of 0.96. Adtalem Global Education Inc. has a 52 week low of $43.78 and a 52 week high of $92.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $84.51 and a 200 day moving average of $76.21.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly 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 return on equity of 15.63% and a net margin of 10.55%. The company had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. During the same period in the prior year, the company earned $0.93 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.
About Adtalem Global Education
(
Free Report)
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.
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