Everence Capital Management Inc. Sells 8,350 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Everence Capital Management Inc. cut its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 66.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,280 shares of the company’s stock after selling 8,350 shares during the quarter. Everence Capital Management Inc.’s holdings in Adtalem Global Education were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ATGE. Meeder Asset Management Inc. bought a new stake in shares of Adtalem Global Education in the third quarter worth about $27,000. Quarry LP bought a new stake in Adtalem Global Education during the 2nd quarter worth approximately $43,000. GAMMA Investing LLC raised its holdings in 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 bought a new position in Adtalem Global Education in the third quarter valued at approximately $123,000. Finally, Systematic Financial Management LP acquired a new position in shares of Adtalem Global Education in the third quarter valued at approximately $159,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Down 0.4 %

Shares of ATGE stock opened at $94.55 on Tuesday. The firm’s fifty day moving average price is $88.82 and its two-hundred day moving average price is $78.64. 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 Inc. has a 1 year low of $43.78 and a 1 year high of $97.37. The firm has a market capitalization of $3.54 billion, a P/E ratio of 21.64, a PEG ratio of 1.01 and a beta of 0.96.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. Adtalem Global Education’s revenue was up 13.2% on a year-over-year basis. On average, equities analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATGE has been the topic of a number of research analyst reports. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. 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 report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

Insider Activity

In other Adtalem Global Education 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 owns 11,659 shares of the company’s stock, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

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.