1,624 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,624 shares of the company’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Adtalem Global Education by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after acquiring an additional 100,705 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Adtalem Global Education by 3.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,639 shares of the company’s stock worth $1,627,000 after purchasing an additional 1,197 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Adtalem Global Education in the 1st quarter valued at about $53,000. GAMMA Investing LLC boosted its position in shares of Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares during the period. Finally, Gladius Capital Management LP purchased a new position in Adtalem Global Education during the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 7,292 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 55,529 shares of company stock valued at $4,140,946. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $90.75 on Thursday. The stock has a fifty day moving average price of $79.21 and a 200 day moving average price of $73.43. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93. 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 company 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.

Adtalem Global Education (NYSE:ATGE) last released 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 net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. During the same quarter last year, the business earned $0.93 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Sell-side analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Wall Street Analyst Weigh In

ATGE has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barrington Research raised their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

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.