Martingale Asset Management L P Sells 6,763 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Martingale Asset Management L P decreased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 31.5% during the third quarter, Holdings Channel reports. The institutional investor owned 14,687 shares of the company’s stock after selling 6,763 shares during the period. Martingale Asset Management L P’s holdings in Adtalem Global Education were worth $1,109,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Glenmede Trust Co. NA lifted its stake in Adtalem Global Education by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock worth $994,000 after purchasing an additional 192 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Adtalem Global Education by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company’s stock worth $1,343,000 after acquiring an additional 233 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Adtalem Global Education by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after acquiring an additional 283 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Adtalem Global Education in the 3rd quarter worth about $27,000. Finally, GAMMA Investing LLC lifted 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 worth $55,000 after purchasing an additional 433 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Up 0.7 %

ATGE stock opened at $91.41 on Monday. The firm has a market cap of $3.43 billion, a PE ratio of 20.92, a P/E/G ratio of 1.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s fifty day moving average is $80.19 and its 200 day moving average is $73.91. Adtalem Global Education Inc. has a one year low of $43.78 and a one year high of $92.93.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 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 company had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same quarter last year, the business earned $0.93 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. On average, research analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Lisa W. Wardell sold 19,936 shares of Adtalem Global Education stock in a transaction dated 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 sale, the director now owns 105,085 shares in the company, valued at $7,757,374.70. This trade represents a 15.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company’s stock.

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.