Thrivent Financial for Lutherans Has $2.23 Million Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Thrivent Financial for Lutherans cut its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,597 shares of the company’s stock after selling 1,621 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Adtalem Global Education worth $2,234,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SummerHaven Investment Management LLC boosted its position in Adtalem Global Education by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock valued at $1,343,000 after buying an additional 233 shares during the last quarter. The Manufacturers Life Insurance Company raised 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 valued at $1,443,000 after purchasing an additional 283 shares during the period. GAMMA Investing LLC grew its holdings in shares of Adtalem Global Education by 116.7% in the 2nd 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 grew its holdings in shares of Adtalem Global Education by 3.3% in the 3rd 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 in the last quarter. Finally, Quarry LP bought a new position in shares of Adtalem Global Education in the 2nd quarter valued at about $43,000. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Stock Down 0.7 %

NYSE ATGE opened at $90.75 on Thursday. 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 company has a 50 day moving average of $79.21 and a 200-day moving average of $73.43. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.04 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barrington Research boosted their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, 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.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 28,301 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $75.74, for a total value of $2,143,517.74. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,959,137.90. The trade was a 21.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 55,529 shares of company stock worth $4,140,946. 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.