Daiwa Securities Group Inc. Has $76,000 Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Daiwa Securities Group Inc. lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 77.6% during the third quarter, HoldingsChannel reports. The fund owned 1,010 shares of the company’s stock after selling 3,506 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Adtalem Global Education were worth $76,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ATGE. Cerity Partners LLC raised its holdings in Adtalem Global Education by 19.1% in the 3rd quarter. Cerity Partners LLC now owns 6,895 shares of the company’s stock valued at $520,000 after buying an additional 1,105 shares during the last quarter. Citigroup Inc. increased its holdings in Adtalem Global Education by 61.0% in the third quarter. Citigroup Inc. now owns 51,039 shares of the company’s stock valued at $3,852,000 after purchasing an additional 19,337 shares during the period. Intech Investment Management LLC lifted its holdings in Adtalem Global Education by 94.3% during the 3rd quarter. Intech Investment Management LLC now owns 18,043 shares of the company’s stock worth $1,362,000 after buying an additional 8,759 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Adtalem Global Education in the 3rd quarter valued at about $27,000. Finally, Quest Partners LLC increased its stake in shares of Adtalem Global Education by 173.4% in the third quarter. Quest Partners LLC now owns 14,204 shares of the company’s stock valued at $1,072,000 after buying an additional 9,008 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barrington Research lifted their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Trading Up 0.7 %

NYSE ATGE opened at $91.41 on Monday. The stock has a market capitalization of $3.43 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.03 and a beta of 0.95. The business has a 50 day simple moving average of $80.19 and a 200 day simple moving average of $73.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93.

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

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 7,292 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now directly owns 105,085 shares in the company, valued at $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 is available at this link. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Company 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.