Assenagon Asset Management S.A. Sells 49,428 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Assenagon Asset Management S.A. trimmed its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 62.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 29,400 shares of the company’s stock after selling 49,428 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Adtalem Global Education worth $2,671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ATGE. CWA Asset Management Group LLC increased its stake in shares of Adtalem Global Education by 22.2% in the fourth quarter. CWA Asset Management Group LLC now owns 16,958 shares of the company’s stock worth $1,541,000 after buying an additional 3,081 shares during the period. GAMMA Investing LLC increased its stake in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after buying an additional 177 shares during the period. Franklin Resources Inc. increased its position in Adtalem Global Education by 11.7% during the 3rd quarter. Franklin Resources Inc. now owns 12,138 shares of the company’s stock valued at $910,000 after purchasing an additional 1,267 shares during the period. Tidal Investments LLC purchased a new position in Adtalem Global Education during the 3rd quarter valued at $201,000. Finally, Sanctuary Advisors LLC increased its position in Adtalem Global Education by 119.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,587 shares of the company’s stock valued at $1,629,000 after purchasing an additional 11,759 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of Adtalem Global Education stock opened at $99.54 on Thursday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 1.11 and a beta of 0.96. The firm’s 50-day moving average is $91.51 and its 200 day moving average is $81.02. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 year high of $100.20. 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 quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The company had revenue of $417.40 million for the quarter, compared to analysts’ expectations 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 was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. Sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ATGE shares. 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. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barrington Research upped their price target on shares of Adtalem Global Education from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th.

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.