Robertson Opportunity Capital LLC trimmed its position in Adtalem Global Education Inc (NYSE:ATGE) by 19.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 105,000 shares of the company’s stock after selling 25,000 shares during the period. Adtalem Global Education comprises approximately 2.6% of Robertson Opportunity Capital LLC’s portfolio, making the stock its 17th largest holding. Robertson Opportunity Capital LLC’s holdings in Adtalem Global Education were worth $4,415,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. GHP Investment Advisors Inc. increased its position in Adtalem Global Education by 28.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 43,162 shares of the company’s stock worth $1,815,000 after purchasing an additional 9,655 shares during the period. Hanseatic Management Services Inc. increased its position in Adtalem Global Education by 18.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 7,521 shares of the company’s stock worth $316,000 after purchasing an additional 1,146 shares during the period. Cramer Rosenthal Mcglynn LLC acquired a new stake in Adtalem Global Education in the fourth quarter worth about $19,580,000. Stone Ridge Asset Management LLC acquired a new stake in Adtalem Global Education in the fourth quarter worth about $1,241,000. Finally, Quantitative Investment Management LLC bought a new position in Adtalem Global Education during the fourth quarter worth about $698,000.
In other news, insider Lisa W. Wardell sold 61,056 shares of Adtalem Global Education stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $49.80, for a total transaction of $3,040,588.80. Following the transaction, the insider now owns 168,157 shares in the company, valued at approximately $8,374,218.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donna Jennings sold 4,582 shares of Adtalem Global Education stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $45.00, for a total value of $206,190.00. Following the transaction, the senior vice president now owns 16,794 shares in the company, valued at approximately $755,730. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 299,868 shares of company stock worth $14,057,838. Company insiders own 3.04% of the company’s stock.
Adtalem Global Education Inc (NYSE ATGE) opened at $49.50 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.11. Adtalem Global Education Inc has a 1-year low of $30.15 and a 1-year high of $50.00. The stock has a market capitalization of $2,998.78, a PE ratio of 309.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.
Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.01. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The firm had revenue of $337.24 million for the quarter, compared to analysts’ expectations of $435.56 million. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. sell-side analysts expect that Adtalem Global Education Inc will post 2.77 EPS for the current year.
ATGE has been the topic of a number of recent analyst reports. Robert W. Baird restated a “hold” rating on shares of Adtalem Global Education in a report on Thursday, December 7th. ValuEngine upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Piper Jaffray Companies restated a “buy” rating and set a $59.00 target price on shares of Adtalem Global Education in a report on Monday, December 4th. BMO Capital Markets reduced their target price on Adtalem Global Education from $49.00 to $45.00 and set a “market perform” rating on the stock in a report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Adtalem Global Education currently has a consensus rating of “Buy” and a consensus target price of $50.33.
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Adtalem Global Education Profile
Adtalem Global Education Inc, formerly DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law.
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