Pacer Advisors Inc. Sells 1,193,576 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Pacer Advisors Inc. lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 99.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,740 shares of the company’s stock after selling 1,193,576 shares during the quarter. Pacer Advisors Inc.’s holdings in Adtalem Global Education were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ATGE. State Street Corp lifted its stake in Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after acquiring an additional 23,464 shares during the period. Wellington Management Group LLP lifted its stake in Adtalem Global Education by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock worth $75,049,000 after purchasing an additional 6,842 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Adtalem Global Education by 4.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock worth $7,681,000 after buying an additional 4,246 shares in the last quarter. Peregrine Asset Advisers Inc. grew its holdings in Adtalem Global Education by 33.5% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock valued at $6,425,000 after buying an additional 21,373 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATGE. Barrington Research upped their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com downgraded 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 upped their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $107.80 on Wednesday. Adtalem Global Education Inc. has a one year low of $45.16 and a one year high of $112.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50 day moving average price is $93.93 and its 200-day moving average price is $82.91. The firm has a market cap of $4.02 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.15 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insiders Place Their Bets

In related news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

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.