GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE – Free Report) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,464 shares of the company’s stock after purchasing an additional 177 shares during the period. GAMMA Investing LLC’s holdings in Adtalem Global Education were worth $133,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Quantinno Capital Management LP boosted its position in shares of Adtalem Global Education by 4.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock worth $231,000 after purchasing an additional 126 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock worth $994,000 after buying an additional 192 shares during the period. The Manufacturers Life Insurance Company raised its stake in Adtalem Global Education by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after buying an additional 283 shares during the period. Meeder Asset Management Inc. bought a new position in Adtalem Global Education in the third quarter worth approximately $27,000. Finally, Clear Creek Financial Management LLC grew its stake in Adtalem Global Education by 3.3% in the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock valued at $1,043,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.
Insider Transactions at Adtalem Global Education
In related news, Director William W. Burke sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on ATGE
Adtalem Global Education Stock Up 0.8 %
Shares of NYSE:ATGE opened at $94.32 on Friday. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.01 and a beta of 0.96. The business’s 50 day moving average is $89.71 and its 200 day moving average is $79.05. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $97.37. 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 – Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. The firm had revenue of $417.40 million during the quarter, compared to analyst estimates 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 was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.
About Adtalem Global Education
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.
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