Covestor Ltd Has $39,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Covestor Ltd lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 515 shares of the company’s stock after selling 158 shares during the period. Covestor Ltd’s holdings in Adtalem Global Education were worth $39,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ATGE. Atria Investments Inc increased its holdings in shares of Adtalem Global Education by 32.6% during the third quarter. Atria Investments Inc now owns 4,721 shares of the company’s stock worth $356,000 after buying an additional 1,162 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Adtalem Global Education during the third quarter worth approximately $1,047,000. 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 worth $1,043,000 after buying an additional 439 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Adtalem Global Education by 1.2% during the third quarter. New York State Teachers Retirement System now owns 54,154 shares of the company’s stock worth $4,088,000 after buying an additional 641 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Adtalem Global Education by 511.9% during the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after purchasing an additional 65,945 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

ATGE has been the topic of several research analyst reports. Barrington Research increased their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com lowered 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 lifted their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling at Adtalem Global Education

In related news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. This represents a 16.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa W. Wardell sold 28,301 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $75.74, for a total transaction of $2,143,517.74. Following the transaction, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,959,137.90. This represents a 21.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 81,110 shares of company stock valued at $6,074,681 in the last quarter. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $87.19 on Friday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.02 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. The company has a 50-day simple moving average of $76.78 and a 200 day simple moving average of $71.77. 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 posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The firm 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%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, sell-side analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current 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.