Swiss National Bank Sells 3,700 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Swiss National Bank reduced its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,400 shares of the company’s stock after selling 3,700 shares during the quarter. Swiss National Bank owned about 0.20% of Adtalem Global Education worth $5,540,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Adtalem Global Education in the 2nd quarter worth approximately $43,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 433 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education during the first quarter valued at approximately $53,000. Gladius Capital Management LP bought a new stake in shares of Adtalem Global Education during the second quarter valued at approximately $142,000. Finally, Net Worth Advisory Group bought a new stake in shares of Adtalem Global Education during the third quarter valued at approximately $209,000. 98.84% of the stock is currently owned by institutional investors.

Insider Transactions at Adtalem Global Education

In other news, Director Lisa W. Wardell sold 7,292 shares of the business’s 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 completion of the transaction, the director now owns 105,085 shares in the company, valued at $7,576,628.50. The trade was a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 55,529 shares of company stock worth $4,140,946 over the last quarter. 2.00% of the stock is currently owned by insiders.

Adtalem Global Education Stock Down 0.7 %

Shares of NYSE:ATGE opened at $90.75 on Thursday. The stock has a fifty day simple moving average of $79.21 and a two-hundred day simple moving average of $73.43. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.04 and a beta of 0.95. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $92.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. On average, research analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ATGE has been the topic of several research reports. BMO Capital Markets lifted their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barrington Research lifted their price target 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. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.