Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 8.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,669 shares of the company’s stock after selling 513 shares during the period. Mutual of America Capital Management LLC’s holdings in Adtalem Global Education were worth $428,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ATGE. Quarry LP acquired a new stake in Adtalem Global Education during the 2nd quarter worth $43,000. GAMMA Investing LLC boosted its holdings in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock worth $55,000 after buying an additional 433 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Adtalem Global Education during the first quarter worth $53,000. Gladius Capital Management LP acquired a new position in Adtalem Global Education during the second quarter worth about $142,000. Finally, Net Worth Advisory Group purchased a new position in Adtalem Global Education during the third quarter worth $209,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Activity

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total value of $525,753.20. Following the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 55,529 shares of company stock valued at $4,140,946. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Adtalem Global Education Trading Down 0.7 %

Shares of ATGE opened at $90.75 on Thursday. The stock’s 50-day moving average is $79.21 and its two-hundred day moving average is $73.43. The stock has a market cap of $3.40 billion, a PE ratio of 20.77, a P/E/G ratio of 1.04 and a beta of 0.95. 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 Inc. has a 12 month low of $43.78 and a 12 month high of $92.93.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations of $397.48 million. During the same period in the prior year, the company posted $0.93 earnings per share. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. Equities analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

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.