Thrivent Financial for Lutherans Decreases Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Thrivent Financial for Lutherans reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 8.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,218 shares of the company’s stock after selling 2,778 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Adtalem Global Education worth $2,129,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Covestor Ltd raised its position in Adtalem Global Education by 7,430.0% during the 1st quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after purchasing an additional 743 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Adtalem Global Education during the first quarter valued at approximately $53,000. GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 116.7% during 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. Headlands Technologies LLC purchased a new stake in Adtalem Global Education in the first quarter worth $56,000. Finally, Gladius Capital Management LP bought a new stake in Adtalem Global Education in the second quarter valued at $142,000. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Adtalem Global Education

In other news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at $355,888. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now owns 4,720 shares in the company, valued at $355,888. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total transaction of $525,753.20. Following the sale, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is owned by insiders.

Adtalem Global Education Stock Down 0.1 %

NYSE:ATGE opened at $75.37 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day moving average price is $74.27 and its 200-day moving average price is $65.30. The company has a market capitalization of $2.83 billion, a PE ratio of 28.33, a P/E/G ratio of 0.90 and a beta of 0.95. Adtalem Global Education Inc. has a 1-year low of $41.89 and a 1-year high of $80.18.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a net margin of 8.63% and a return on equity of 14.84%. The business had revenue of $409.91 million during the quarter, compared to the consensus estimate of $398.64 million. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities analysts predict that Adtalem Global Education Inc. will post 5.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATGE has been the subject of several research reports. StockNews.com upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th.

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.