Charles Schwab Investment Management Inc. Cuts Position in Adtalem Global Education Inc. (NYSE:ATGE)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 590,019 shares of the company’s stock after selling 13,259 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Adtalem Global Education were worth $44,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Algert Global LLC lifted its holdings in shares of Adtalem Global Education by 30.6% in the second quarter. Algert Global LLC now owns 122,511 shares of the company’s stock valued at $8,356,000 after purchasing an additional 28,698 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $670,000. TradeLink Capital LLC purchased a new stake in Adtalem Global Education in the 2nd quarter valued at approximately $522,000. Victory Capital Management Inc. grew its holdings in Adtalem Global Education by 130.1% during the 3rd quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock valued at $2,540,000 after buying an additional 19,026 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new position in Adtalem Global Education during the second quarter worth $4,348,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATGE has been the topic of several recent research reports. Barrington Research upped their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research report 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 raised their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th.

Adtalem Global Education Price Performance

ATGE stock opened at $91.41 on Monday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. The stock’s fifty day simple moving average is $80.19 and its 200-day simple moving average is $73.91. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last issued 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. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the company earned $0.93 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Equities research analysts expect that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Insider Activity at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,576,628.50. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

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.