HighTower Advisors LLC Reduces Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

HighTower Advisors LLC trimmed its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 57.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,980 shares of the company’s stock after selling 10,567 shares during the quarter. HighTower Advisors LLC’s holdings in Adtalem Global Education were worth $610,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Adtalem Global Education during the third quarter valued at approximately $27,000. Quarry LP bought a new stake in Adtalem Global Education during the 2nd quarter valued at $43,000. GAMMA Investing LLC boosted its position in Adtalem Global Education by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock valued at $97,000 after buying an additional 483 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Adtalem Global Education during the 3rd quarter valued at $123,000. Finally, Net Worth Advisory Group bought a new stake in Adtalem Global Education in the 3rd quarter worth $209,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Up 2.8 %

Shares of NYSE ATGE opened at $88.41 on Friday. The firm has a fifty day simple moving average of $84.51 and a two-hundred day simple moving average of $76.21. Adtalem Global Education Inc. has a 12 month low of $43.78 and a 12 month high of $92.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.31 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

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.