Gladius Capital Management LP Sells 1,417 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Gladius Capital Management LP reduced its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 68.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 664 shares of the company’s stock after selling 1,417 shares during the quarter. Gladius Capital Management LP’s holdings in Adtalem Global Education were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of ATGE. Pacer Advisors Inc. increased its holdings in shares of Adtalem Global Education by 81,701.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,330,088 shares of the company’s stock worth $90,725,000 after purchasing an additional 1,328,462 shares during the period. LSV Asset Management increased its stake in Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after acquiring an additional 618,466 shares during the period. Ariel Investments LLC raised its holdings in Adtalem Global Education by 11.1% in the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after acquiring an additional 306,699 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after acquiring an additional 100,705 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the period. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the transaction, the chief accounting officer now owns 4,720 shares of the company’s stock, valued at approximately $355,888. The trade was a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the sale, the director now owns 105,085 shares in the company, valued at $7,944,426. The trade was a 18.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 81,110 shares of company stock worth $6,074,681 in the last quarter. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Trading Up 2.8 %

ATGE stock opened at $87.20 on Friday. Adtalem Global Education Inc. has a 1-year low of $43.78 and a 1-year high of $92.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $76.78 and its 200-day moving average is $71.93. The firm has a market cap of $3.27 billion, a P/E ratio of 19.95, a P/E/G ratio of 0.99 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.17. The firm had revenue of $417.40 million for the quarter, compared to analysts’ expectations 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 was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. Equities analysts anticipate that Adtalem Global Education Inc. will post 5.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATGE. Barrington Research boosted their price objective 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. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report 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.