Quantinno Capital Management LP Purchases 126 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Quantinno Capital Management LP grew its position in Adtalem Global Education Inc. (NYSE:ATGE) by 4.3% during the third quarter, HoldingsChannel.com reports. The fund owned 3,059 shares of the company’s stock after acquiring an additional 126 shares during the quarter. Quantinno Capital Management LP’s holdings in Adtalem Global Education were worth $231,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Adtalem Global Education by 81,701.2% in the second quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock valued at $90,725,000 after purchasing an additional 1,328,462 shares in the last quarter. LSV Asset Management grew its stake in shares of Adtalem Global Education by 2,360.6% in the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock worth $43,973,000 after buying an additional 618,466 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Adtalem Global Education by 34.3% in the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock worth $12,742,000 after buying an additional 47,700 shares during the last quarter. Algert Global LLC raised its position in shares of Adtalem Global Education by 30.6% during the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock valued at $8,356,000 after buying an additional 28,698 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Adtalem Global Education by 37.5% in the 2nd quarter. Sei Investments Co. now owns 111,265 shares of the company’s stock valued at $7,589,000 after acquiring an additional 30,336 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Up 3.1 %

Shares of NYSE:ATGE opened at $91.47 on Tuesday. The firm has a market capitalization of $3.43 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The business has a 50 day simple moving average of $83.58 and a two-hundred day simple moving average of $75.88. Adtalem Global Education Inc. has a 1 year low of $43.78 and a 1 year high of $92.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The company had revenue of $417.40 million during the quarter, compared to analysts’ expectations of $397.48 million. During the same quarter in the previous year, the business earned $0.93 EPS. Adtalem Global Education’s revenue was up 13.2% compared to the same quarter last year. On average, equities analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Analyst Ratings Changes

ATGE has been the topic of several analyst reports. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Barrington Research boosted their target price on Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, 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.

Insider Transactions at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.