Victory Capital Management Inc. Sells 16,064 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Victory Capital Management Inc. lessened its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 52.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,624 shares of the company’s stock after selling 16,064 shares during the quarter. Victory Capital Management Inc.’s holdings in Adtalem Global Education were worth $998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Adtalem Global Education by 7,430.0% in the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education during the 1st quarter worth $53,000. GAMMA Investing LLC boosted its stake in Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after buying an additional 433 shares in the last quarter. Headlands Technologies LLC bought a new position in Adtalem Global Education in the first quarter valued at about $56,000. Finally, Gladius Capital Management LP bought a new position in Adtalem Global Education in the second quarter valued at about $142,000. Institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ATGE shares. Barrington Research reissued an “outperform” rating and issued a $90.00 target price on shares of Adtalem Global Education in a report on Thursday, August 29th. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $75.29 on Friday. The stock’s 50-day moving average is $74.43 and its 200-day moving average is $63.60. Adtalem Global Education Inc. has a 1-year low of $41.89 and a 1-year high of $80.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.83 billion, a P/E ratio of 28.09, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The business had revenue of $409.91 million for the quarter, compared to the consensus estimate of $398.64 million. During the same period last year, the company earned $1.03 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. Equities research analysts anticipate that Adtalem Global Education Inc. will post 5.72 earnings per share for the current year.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction 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 directly owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Lisa W. Wardell sold 7,292 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. The sale was disclosed in a 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 company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,440 shares of company stock worth $10,889,450. Company insiders own 2.20% 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.