Daiwa Securities Group Inc. Sells 3,506 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Daiwa Securities Group Inc. cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 77.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other large investors also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its stake in shares of Adtalem Global Education by 1.2% in the second 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 in the last quarter. The Manufacturers Life Insurance Company grew its position 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 acquiring an additional 283 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Adtalem Global Education during the 3rd quarter worth about $27,000. GAMMA Investing LLC raised 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 purchasing an additional 433 shares during the period. Finally, Clear Creek Financial Management LLC lifted its stake in 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 purchasing an additional 439 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the transaction, the director now directly owns 105,085 shares of the company’s stock, valued at $7,576,628.50. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Up 0.7 %

ATGE stock opened at $91.41 on Monday. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 1.03 and a beta of 0.95. The business’s fifty day moving average price is $80.19 and its two-hundred day moving average price is $73.91.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million for 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%. Adtalem Global Education’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATGE. Barrington Research upped their price objective on 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 increased their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.