Sanctuary Advisors LLC Acquires 11,759 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Sanctuary Advisors LLC boosted its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 119.6% during the third quarter, Holdings Channel reports. The fund owned 21,587 shares of the company’s stock after purchasing an additional 11,759 shares during the period. Sanctuary Advisors LLC’s holdings in Adtalem Global Education were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ATGE. Meeder Asset Management Inc. acquired a new position in shares of Adtalem Global Education in the third quarter valued at $27,000. Quarry LP bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth about $43,000. GAMMA Investing LLC boosted its holdings in shares of Adtalem Global Education by 60.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,287 shares of the company’s stock worth $97,000 after buying an additional 483 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Adtalem Global Education in the 3rd quarter valued at about $123,000. Finally, Systematic Financial Management LP bought a new position in Adtalem Global Education in the 3rd quarter valued at about $159,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $88.41 on Friday. Adtalem Global Education Inc. has a 52 week low of $43.78 and a 52 week high of $92.93. 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 50-day simple moving average is $84.51 and its 200 day simple moving average is $76.21. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.01 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last announced 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 for the quarter, compared to analysts’ expectations of $397.48 million. During the same period last year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, sell-side analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

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.