Edgestream Partners L.P. Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

Edgestream Partners L.P. acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 30,657 shares of the company’s stock, valued at approximately $2,314,000.

Several other institutional investors and hedge funds also recently modified their holdings of ATGE. Pacer Advisors Inc. grew its stake in Adtalem Global Education by 81,701.2% in the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock worth $90,725,000 after acquiring an additional 1,328,462 shares during the period. LSV Asset Management lifted its position in Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock worth $43,973,000 after buying an additional 618,466 shares during the period. Renaissance Technologies LLC lifted its holdings 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 worth $12,742,000 after acquiring an additional 47,700 shares during the period. Algert Global LLC boosted its holdings in shares of 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 purchasing an additional 28,698 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Adtalem Global Education by 37.5% in the second 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 last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $91.51 on Tuesday. 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 cap of $3.43 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.03 and a beta of 0.95. The stock’s 50 day moving average price is $80.19 and its 200 day moving average price is $73.97. 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, topping 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 analyst estimates of $397.48 million. During the same quarter in the previous year, the business posted $0.93 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, Director Lisa W. Wardell sold 19,936 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $73.82, for a total value of $1,471,675.52. Following the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,757,374.70. This represents a 15.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,228 shares of company stock worth $2,358,989. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ATGE. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research upped their target price on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

About Adtalem Global Education

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.