Adtalem Global Education Inc. (NYSE:ATGE) Stock Position Trimmed by Caprock Group LLC

Caprock Group LLC trimmed its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 3.5% in the third quarter, HoldingsChannel reports. The firm owned 3,678 shares of the company’s stock after selling 135 shares during the period. Caprock Group LLC’s holdings in Adtalem Global Education were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SummerHaven Investment Management LLC lifted its holdings in Adtalem Global Education by 1.2% in the second quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock worth $1,343,000 after purchasing an additional 233 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Adtalem Global Education by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after acquiring an additional 283 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Adtalem Global Education by 116.7% in the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after acquiring an additional 433 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in 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 purchasing an additional 439 shares in the last quarter. Finally, Quarry LP bought a new position in Adtalem Global Education during the 2nd quarter valued at $43,000. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 1.4 %

Shares of ATGE opened at $90.08 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93. The stock has a market capitalization of $3.38 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.01 and a beta of 0.95. The business’s 50-day moving average price is $78.49 and its 200 day moving average price is $73.05.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets upped their price target 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, Barrington Research lifted their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th.

Insider Buying and Selling

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction 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 sale, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at $355,888. This trade represents a 16.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the sale, the director now directly owns 105,085 shares of the company’s stock, valued at approximately $7,944,426. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,110 shares of company stock valued at $6,074,681. Corporate 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.