Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 12.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 71,713 shares of the company’s stock after selling 10,646 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Adtalem Global Education were worth $5,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PEAK6 Investments LLC boosted its position in shares of Adtalem Global Education by 29.4% in the 3rd quarter. PEAK6 Investments LLC now owns 41,932 shares of the company’s stock worth $3,165,000 after buying an additional 9,529 shares in the last quarter. Glenmede Trust Co. NA raised its position in Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock worth $994,000 after acquiring an additional 192 shares during the last quarter. Bank of Montreal Can grew its position in shares of Adtalem Global Education by 0.8% in the third quarter. Bank of Montreal Can now owns 54,494 shares of the company’s stock valued at $4,099,000 after purchasing an additional 450 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Adtalem Global Education during the 3rd quarter worth approximately $123,000. Finally, Cerity Partners LLC raised its position in shares of Adtalem Global Education by 19.1% during the 3rd quarter. Cerity Partners LLC now owns 6,895 shares of the company’s stock worth $520,000 after purchasing an additional 1,105 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now directly owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $88.80 on Thursday. Adtalem Global Education Inc. has a twelve month low of $43.78 and a twelve month high of $92.93. The business’s 50-day moving average price is $82.54 and its 200 day moving average price is $75.29. The company has a market capitalization of $3.33 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 1.03 and a beta of 0.96. 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 released its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. On average, research analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATGE has been the subject of several recent research reports. BMO Capital Markets raised their price target on 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 downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, 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 research note on Wednesday, October 30th.

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.