Russell Investments Group Ltd. reduced its position in Adtalem Global Education Inc. (NYSE:ATGE)


Russell Investments Group Ltd. reduced its stake in the shares of Adtalem Global Education Inc. (NYSE:ATGEGet a rating) by 42.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The company held 26,937 shares of the company after selling 20,136 shares during the period. Russell Investments Group Ltd. owned 0.05% of Adtalem Global Education worth $798,000 as of its last SEC filing date.

Other hedge funds have also recently changed their positions in the business. SummerHaven Investment Management LLC increased its position in shares of Adtalem Global Education by 4.7% during the first quarter. SummerHaven Investment Management LLC now owns 24,415 shares of the company valued at $725,000 after purchasing an additional 1,094 shares last quarter. Oak Family Advisors LLC increased its holdings in Adtalem Global Education by 32.7% in the first quarter. Oak Family Advisors LLC now owns 16,224 shares of the company worth $482,000 after acquiring 4,000 additional shares in the last quarter. Mutual of America Capital Management LLC increased its stake in Adtalem Global Education by 5.6% in the first quarter. Mutual of America Capital Management LLC now owns 7,177 shares of the company worth $213,000 after acquiring 378 additional shares last quarter. Gladius Capital Management LP increased its holdings in Adtalem Global Education by 18.2% in the first quarter. Gladius Capital Management LP now owns 2,264 shares of the company worth $68,000 after acquiring 348 additional shares last quarter. Finally, Davy Global Fund Management Ltd increased its stake in Adtalem Global Education by 39.5% in the first quarter. Davy Global Fund Management Ltd now owns 16,467 shares in the company worth $489,000 after acquiring 4,659 additional shares last quarter. 98.59% of the shares are held by hedge funds and other institutional investors.

Adtalem Global Education trades up 2.8%

Shares of NYSE:ATGE opened at $39.41 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of 6.10, a PEG ratio of 0.63 and a beta of 1.02. The company has a debt ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. Adtalem Global Education Inc. has a 1 year minimum of $19.14 and a 1 year maximum of $40.60. The stock’s fifty-day moving average price is $37.07 and its 200-day moving average price is $31.44.

Adtalem Global Education (NYSE:ATGEGet a rating) last released its quarterly earnings data on Thursday, August 11. The company reported EPS of $1.31 for the quarter, beating consensus analyst estimates of $1.25 by $0.06. The company posted revenue of $361.23 million in the quarter, compared to $348.90 million expected by analysts. Adtalem Global Education achieved a return on equity of 12.38% and a net margin of 21.97%. Adtalem Global Education revenue for the quarter increased 61.6% compared to the same quarter last year. In the same quarter a year earlier, the company had earned earnings per share of $0.70. Sell-side analysts expect Adtalem Global Education Inc. to post earnings per share of 4.08 for the current year.

Analysts set new price targets

ATGE has been the subject of several analyst reports. Robert W. Baird raised his target price on Adtalem Global Education from $31.00 to $40.00 in a Friday, August 12 report. Barrington Research raised its target price on Adtalem Global Education from $40.00 to $46.00 and gave the stock an “outperform” rating in a Friday, August 12 report.

Insider Activity at Adtalem Global Education

In other news, Director William V. Krehbiel acquired 10,000 shares of Adtalem Global Education in a transaction that took place on Tuesday, June 14. The stock was purchased at an average price of $31.67 per share, for a total transaction of $316,700.00. Following completion of the transaction, the administrator now owns 10,000 shares of the company, valued at $316,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. 2.75% of the shares are held by insiders of the company.

About Adtalem Global Education

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Adtalem Global Education Inc provides workforce solutions worldwide. It operates through two segments, Medical and Healthcare; and Financial Services. The Medical and Healthcare segment offers degree and non-degree programs in the medical and healthcare post-secondary education sector. This segment operates Chamberlain University, American University of the Caribbean School of Medicine, Ross University School of Medicine and Ross University School of Veterinary Medicine.

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Institutional ownership by quarter for Adtalem Global Education (NYSE:ATGE)



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