HighTower Advisors LLC Sells 10,567 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

HighTower Advisors LLC decreased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 57.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,980 shares of the company’s stock after selling 10,567 shares during the quarter. HighTower Advisors LLC’s holdings in Adtalem Global Education were worth $610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in Adtalem Global Education by 81,701.2% during the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after purchasing an additional 1,328,462 shares during the last quarter. LSV Asset Management lifted its stake in shares of Adtalem Global Education by 2,360.6% during the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after buying an additional 618,466 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Adtalem Global Education by 34.3% during the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock valued at $12,742,000 after buying an additional 47,700 shares in the last quarter. Algert Global LLC grew its stake in 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 buying an additional 28,698 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in Adtalem Global Education by 37.5% during the 2nd quarter. Sei Investments Co. now owns 111,265 shares of the company’s stock valued at $7,589,000 after acquiring an additional 30,336 shares during the period. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Up 2.8 %

ATGE opened at $88.41 on Friday. The firm has a market capitalization of $3.31 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93. The company has a fifty day moving average price of $84.51 and a 200-day moving average price of $76.21. 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 posted its earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping 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 business had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Equities research analysts expect that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATGE. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Barrington Research raised their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

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.