Versor Investments LP Boosts Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Versor Investments LP grew its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 50.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 24,489 shares of the company's stock after acquiring an additional 8,189 shares during the period. Versor Investments LP owned about 0.07% of Adtalem Global Education worth $1,848,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. SummerHaven Investment Management LLC grew its position in Adtalem Global Education by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company's stock valued at $1,343,000 after acquiring an additional 233 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Adtalem Global Education by 1.4% during the 2nd 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 period. ProShare Advisors LLC lifted its holdings in Adtalem Global Education by 5.7% during the 1st quarter. ProShare Advisors LLC now owns 7,889 shares of the company's stock worth $405,000 after buying an additional 423 shares in the last quarter. GAMMA Investing LLC boosted its position in Adtalem Global Education by 116.7% in 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 during the period. Finally, Clear Creek Financial Management LLC grew its stake in shares of 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 worth $1,043,000 after acquiring an additional 439 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 24,637 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the sale, the director now directly owns 105,085 shares of the company's stock, valued at $7,944,426. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Lisa W. Wardell sold 7,292 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 105,085 shares in the company, valued at approximately $7,576,628.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lisa W. Wardell sold 24,637 shares of the company's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the completion of the sale, the director now owns 105,085 shares of the company's stock, valued at approximately $7,944,426. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,110 shares of company stock worth $6,074,681 over the last three months. Insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Down 0.5 %

Shares of ATGE stock traded down $0.46 on Monday, reaching $90.77. 428,278 shares of the stock were exchanged, compared to its average volume of 469,020. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.03 and a beta of 0.95. The business's 50 day moving average price is $75.23 and its 200 day moving average price is $70.71. 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 twelve month low of $43.78 and a twelve month high of $92.93.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data 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 business had revenue of $417.40 million during the quarter, compared to analysts' expectations of $397.48 million. During the same period in the prior year, the firm posted $0.93 EPS. The business's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that Adtalem Global Education Inc. will post 5.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.