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

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

A number of other institutional investors have also added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in Adtalem Global Education during the 1st quarter worth approximately $565,000. Vanguard Group Inc. boosted its stake in shares of Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after purchasing an additional 100,705 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Adtalem Global Education by 111,288.6% in the 1st quarter. Lazard Asset Management LLC now owns 49,011 shares of the company’s stock valued at $2,518,000 after purchasing an additional 48,967 shares during the last quarter. Algert Global LLC boosted its stake in shares of Adtalem Global Education by 30.6% in the 2nd 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 during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Adtalem Global Education in the 2nd quarter valued at $670,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lisa W. Wardell sold 28,301 shares of Adtalem Global Education stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the sale, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,959,137.90. This trade represents a 21.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Manjunath Gangadharan sold 944 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the transaction, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,110 shares of company stock valued at $6,074,681. 2.00% of the stock is owned by insiders.

Adtalem Global Education Trading Up 2.8 %

Shares of Adtalem Global Education stock opened at $87.19 on Friday. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 year high of $92.93. The firm has a market cap of $3.27 billion, a PE ratio of 19.95, a P/E/G ratio of 1.02 and a beta of 0.95. The stock has a fifty day moving average price of $76.78 and a 200-day moving average price of $71.77. 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 (NYSE:ATGE) last announced its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $397.48 million. During the same period last year, the firm posted $0.93 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.