Phocas Financial Corp. Has $9.98 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Phocas Financial Corp. cut its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,211 shares of the company’s stock after selling 8,324 shares during the period. Phocas Financial Corp.’s holdings in Adtalem Global Education were worth $9,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Adtalem Global Education by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock worth $227,299,000 after buying an additional 100,705 shares during the period. Ariel Investments LLC grew its position in shares of Adtalem Global Education by 11.1% in the first quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after purchasing an additional 306,699 shares during the last quarter. Pacer Advisors Inc. grew its position 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 during the last quarter. LSV Asset Management increased its stake in shares of Adtalem Global Education by 2,360.6% during the second quarter. LSV Asset Management now owns 644,666 shares of the company’s stock worth $43,973,000 after purchasing an additional 618,466 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Adtalem Global Education by 34.3% during the 2nd quarter. Renaissance Technologies LLC now owns 186,800 shares of the company’s stock worth $12,742,000 after purchasing an additional 47,700 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ATGE. Barrington Research lifted their target price on Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. StockNews.com downgraded 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 increased their target price on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $87.34 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 0.94. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 0.99 and a beta of 0.95. The stock has a fifty day moving average price of $77.12 and a 200-day moving average price of $72.32.

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

Insider Buying and Selling

In other news, Director Lisa W. Wardell sold 28,301 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the transaction, the director now owns 105,085 shares of the company’s stock, valued at approximately $7,959,137.90. This represents a 21.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Manjunath Gangadharan sold 944 shares of Adtalem Global Education stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total transaction of $71,177.60. Following the sale, the chief accounting officer now directly owns 4,720 shares in the company, valued at $355,888. This trade represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,110 shares of company stock worth $6,074,681. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education Company 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.