Rhumbline Advisers Sells 103 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Rhumbline Advisers trimmed its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 116,046 shares of the company’s stock after selling 103 shares during the quarter. Rhumbline Advisers’ holdings in Adtalem Global Education were worth $10,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in shares of Adtalem Global Education by 511.9% during the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after buying an additional 65,945 shares during the last quarter. Edgestream Partners L.P. bought a new position in Adtalem Global Education during the 3rd quarter valued at about $2,314,000. Calamos Advisors LLC purchased a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $2,530,000. State Street Corp grew its stake in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after acquiring an additional 23,464 shares during the period. Finally, Peregrine Asset Advisers Inc. grew its stake in shares of Adtalem Global Education by 33.5% in the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock worth $6,425,000 after acquiring an additional 21,373 shares during the period. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Down 7.2 %

Shares of ATGE stock opened at $97.66 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.43. The stock has a market cap of $3.64 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.13 and a beta of 0.97. The company has a 50 day simple moving average of $97.88 and a two-hundred day simple moving average of $85.54.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

ATGE has been the topic of a number of research analyst reports. Barrington Research increased their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. BMO Capital Markets raised their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the sale, the director now directly owns 11,659 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now directly owns 12,844 shares of the company’s stock, valued at $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,997 shares of company stock valued at $1,747,608. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education 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.