State of New Jersey Common Pension Fund D Trims Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

State of New Jersey Common Pension Fund D lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,182 shares of the company’s stock after selling 2,684 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Adtalem Global Education were worth $1,976,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. SummerHaven Investment Management LLC grew its stake in shares of Adtalem Global Education by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock worth $1,343,000 after buying an additional 233 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Adtalem Global Education by 1.4% in the second 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 in the last quarter. ProShare Advisors LLC grew its stake in shares of Adtalem Global Education by 5.7% in the first 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 increased its holdings in shares of 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 acquiring an additional 433 shares in the last quarter. Finally, Clear Creek Financial Management LLC increased its holdings in shares of Adtalem Global Education by 3.3% during 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 in the last quarter. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Adtalem Global Education Price Performance

ATGE opened at $87.20 on Monday. The company’s 50-day simple moving average is $76.78 and its two-hundred day simple moving average is $72.08. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93. The stock has a market capitalization of $3.27 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Insider Buying and Selling

In other 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 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 $7,944,426. The trade was a 18.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at $355,888. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,110 shares of company stock valued at $6,074,681 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Company Profile

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.