Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 14.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,660 shares of the company’s stock after selling 800 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Adtalem Global Education were worth $318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd raised its holdings in shares of Adtalem Global Education by 7,430.0% in the first quarter. Covestor Ltd now owns 753 shares of the company’s stock worth $38,000 after acquiring an additional 743 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Adtalem Global Education in the 1st quarter valued at about $53,000. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 433 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Adtalem Global Education during the 1st quarter worth about $56,000. Finally, Gladius Capital Management LP purchased a new stake in shares of Adtalem Global Education during the second quarter worth about $142,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ATGE. Barrington Research reissued an “outperform” rating and set a $90.00 price objective on shares of Adtalem Global Education in a research note on Thursday, August 29th. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, BMO Capital Markets lifted their price objective on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

Insider Transactions at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 24,637 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was 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 in the company, valued at approximately $7,944,426. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, 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 directly owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. The disclosure for this sale can be found here. Insiders have sold a total of 148,440 shares of company stock worth $10,889,450 in the last three months. 2.20% of the stock is currently owned by company insiders.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $75.20 on Friday. Adtalem Global Education Inc. has a 1 year low of $41.89 and a 1 year high of $80.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a 50 day moving average price of $74.41 and a 200 day moving average price of $64.71. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 0.90 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. The company had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. Sell-side analysts predict that Adtalem Global Education Inc. will post 5.72 earnings per share for the current year.

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.