Caprock Group LLC Trims Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Caprock Group LLC lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,678 shares of the company’s stock after selling 135 shares during the quarter. Caprock Group LLC’s holdings in Adtalem Global Education were worth $278,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Adtalem Global Education by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after purchasing an additional 100,705 shares during the period. Lazard Asset Management LLC boosted its holdings in Adtalem Global Education by 111,288.6% in the first quarter. Lazard Asset Management LLC now owns 49,011 shares of the company’s stock valued at $2,518,000 after acquiring an additional 48,967 shares during the last quarter. Algert Global LLC increased its stake in Adtalem Global Education by 30.6% during the second quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after acquiring an additional 28,698 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Adtalem Global Education in the 2nd quarter worth about $670,000. Finally, TradeLink Capital LLC acquired a new position in shares of Adtalem Global Education in the 2nd quarter valued at about $522,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of the company’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 owns 4,720 shares in the company, valued at approximately $355,888. This represents a 16.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the transaction, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. This trade represents a 18.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,110 shares of company stock valued at $6,074,681. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several research reports. Barrington Research raised their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a report 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 report on Wednesday, October 30th. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Adtalem Global Education Trading Up 1.4 %

NYSE ATGE opened at $90.08 on Monday. The stock has a market cap of $3.38 billion, a P/E ratio of 20.61, a PEG ratio of 1.01 and a beta of 0.95. The company’s fifty day simple moving average is $78.49 and its 200-day simple moving average is $73.05. 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 52 week low of $43.78 and a 52 week high of $92.93.

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

Adtalem Global Education 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.