Assenagon Asset Management S.A. Has $5.95 Million Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Assenagon Asset Management S.A. grew its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 511.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,828 shares of the company’s stock after purchasing an additional 65,945 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Adtalem Global Education were worth $5,950,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SummerHaven Investment Management LLC lifted its stake in Adtalem Global Education by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock valued at $1,343,000 after buying an additional 233 shares during the period. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 283 shares during the last quarter. ProShare Advisors LLC boosted its stake 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 acquiring an additional 423 shares during the last quarter. GAMMA Investing LLC grew its holdings in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in Adtalem Global Education by 3.4% in the second quarter. Clear Creek Financial Management LLC now owns 13,378 shares of the company’s stock valued at $913,000 after purchasing an additional 441 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the transaction, the director now owns 94,804 shares of the company’s stock, valued at $6,779,434.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa W. Wardell sold 67,330 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total value of $4,814,768.30. Following the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at $6,779,434.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,440 shares of company stock valued at $10,889,450. 2.20% of the stock is owned by insiders.

Adtalem Global Education Stock Up 1.7 %

Shares of ATGE stock opened at $73.33 on Tuesday. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $80.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average of $73.68 and a 200-day moving average of $68.36. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 0.84 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The firm had revenue of $409.91 million during the quarter, compared to analysts’ expectations of $398.64 million. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. As a group, equities research analysts predict that Adtalem Global Education Inc. will post 5.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ATGE. BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th.

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.