Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 8.3% during the third quarter, Holdings Channel.com reports. The fund owned 5,669 shares of the company’s stock after selling 513 shares during the period. Mutual of America Capital Management LLC’s holdings in Adtalem Global Education were worth $428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Adtalem Global Education in the second quarter worth approximately $43,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Adtalem Global Education during the 1st quarter worth about $53,000. GAMMA Investing LLC increased its stake in shares of Adtalem Global Education by 116.7% during 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 last quarter. Gladius Capital Management LP bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth about $142,000. Finally, Net Worth Advisory Group acquired a new stake in shares of Adtalem Global Education in the third quarter worth $209,000. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barrington Research upped their price objective 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.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $90.75 on Thursday. The firm has a 50 day moving average of $79.21 and a 200-day moving average of $73.43. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 year high of $92.93. The stock has a market capitalization of $3.40 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.04 and a beta of 0.95. 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 issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share 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 analyst estimates of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. Adtalem Global Education’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Insider Activity

In other news, Director Lisa W. Wardell sold 19,936 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $73.82, for a total transaction of $1,471,675.52. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,757,374.70. This trade represents a 15.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 55,529 shares of company stock valued at $4,140,946 in the last ninety days. 2.00% of the stock is owned by insiders.

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.