Victory Capital Management Inc. reduces its holdings in Adtalem Global Education Inc. (NYSE:ATGE)


Victory Capital Management Inc. reduced its stake in the shares of Adtalem Global Education Inc. (NYSE:ATGEGet a rating) by 4.6% in the first quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The company held 60,731 shares of the company after selling 2,904 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of Adtalem Global Education worth $1,780,000 at the end of the most recent reporting period.

Other hedge funds have also recently been buying and selling shares of the company. Gladius Capital Management LP bought a new position in Adtalem Global Education during Q4, valued at approximately $57,000. Mutual of America Capital Management LLC increased its stake in Adtalem Global Education by 5.6% during the 1st quarter. Mutual of America Capital Management LLC now owns 7,177 shares of the company valued at $213,000 after purchasing 378 additional shares during the period. American Trust bought a new position in shares of Adtalem Global Education during the 4th quarter for a value of approximately $214,000. Teacher Retirement System of Texas increased its holdings of Adtalem Global Education shares by 20.0% during the 4th quarter. Teacher Retirement System of Texas now owns 9,212 shares of the company worth $272,000 after acquiring 1,533 additional shares during the period. Finally, PDT Partners LLC bought a new position in shares of Adtalem Global Education during the 4th quarter for a value of approximately $277,000. Hedge funds and other institutional investors own 98.59% of the company’s shares.

Adtalem Global Education share performance

Shares of ATGE opened at $37.57 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a leverage ratio of 0.82. The company’s 50-day moving average price is $36.62 and its 200-day moving average price is $31.10. Adtalem Global Education Inc. has a 52 week minimum of $19.14 and a 52 week maximum of $40.60. The stock has a market capitalization of $1.70 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.57 and a beta of 1.02.

Adtalem Global Education (NYSE:ATGEGet a rating) last released its quarterly results on Thursday, August 11. The company reported EPS of $1.31 for the quarter, beating analysts’ consensus estimate of $1.28 by $0.03. Adtalem Global Education achieved a return on equity of 10.99% and a net margin of 23.34%. The company posted revenue of $361.23 million for the quarter, compared to $348.90 million expected by analysts. During the same period a year earlier, the company posted EPS of $0.70. The company’s revenue for the quarter increased by 61.6% compared to the same quarter last year. Equity research analysts expect Adtalem Global Education Inc. to post earnings per share of 3.25 for the current fiscal year.

Insider Activity at Adtalem Global Education

Separately, SVP James Raymond Bartholomew sold 2,380 shares of the company in a transaction that took place on Friday, May 20. The stock was sold at an average price of $31.65, for a total value of $75,327.00. As a result of the transaction, the senior vice president now directly owns 2,343 shares of the company, valued at approximately $74,155.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other Adtalem Global Education news, Director William V. Krehbiel purchased 10,000 shares in a trade that took place on Tuesday, June 14. The shares were purchased at an average price of $31.67 per share, with a total value of $316,700.00. Following the acquisition, the director 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 this link. Additionally, SVP James Raymond Bartholomew sold 2,380 shares in a trade dated Friday, May 20. The shares were sold at an average price of $31.65, for a total transaction of $75,327.00. Following the completion of the transaction, the senior vice president now directly owns 2,343 shares of the company, valued at approximately $74,155.95. Disclosure of this sale can be found here. 2.75% of the shares are currently held by insiders.

Analyst upgrades and downgrades

ATGE has been the subject of a number of research analyst reports. 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 report on Friday. Robert W. Baird raised his target price on Adtalem Global Education from $31.00 to $40.00 in a report on Friday.

Adtalem Global Education Company Profile

(Get a rating)

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.

Further reading

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



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