SG Americas Securities LLC Cuts Position in Adtalem Global Education Inc. (NYSE:ATGE)

SG Americas Securities LLC trimmed its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE – Get Rating) by 57.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,765 shares of the company’s stock after selling 31,177 shares during the period. SG Americas Securities LLC’s holdings in Adtalem Global Education were worth $676,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Gladius Capital Management LP raised its stake in Adtalem Global Education by 18.2% during the first quarter. Gladius Capital Management LP now owns 2,264 shares of the company’s stock valued at $68,000 after buying an additional 348 shares during the last quarter. Davy Global Fund Management Ltd increased its holdings in shares of Adtalem Global Education by 39.5% during the first quarter. Davy Global Fund Management Ltd now owns 16,467 shares of the company’s stock valued at $489,000 after acquiring an additional 4,659 shares in the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of Adtalem Global Education during the first quarter valued at $758,000. American Trust purchased a new position in shares of Adtalem Global Education in the 4th quarter worth about $214,000. Finally, Engine Capital Management LP grew its position in Adtalem Global Education by 4.2% during the 4th quarter. Engine Capital Management LP now owns 35,206 shares of the company’s stock valued at $1,041,000 after purchasing an additional 1,435 shares during the last quarter. 98.59% of the stock is owned by institutional investors.

Adtalem Global Education Stock Down 0.2 %

Shares of Adtalem Global Education stock opened at $39.87 on Wednesday. The company has a 50-day simple moving average of $35.68 and a two-hundred day simple moving average of $30.59. The stock has a market capitalization of $1.80 billion, a PE ratio of 6.17, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. Adtalem Global Education Inc. has a 52-week low of $19.14 and a 52-week high of $40.60. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.94 and a current ratio of 1.94.

Adtalem Global Education (NYSE:ATGE – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.05. Adtalem Global Education had a net margin of 23.34% and a return on equity of 10.99%. The company had revenue of $365.60 million during the quarter, compared to the consensus estimate of $360.34 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. On average, analysts anticipate that Adtalem Global Education Inc. will post 3.25 EPS for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, SVP James Raymond Bartholomew sold 2,380 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $31.65, for a total value of $75,327.00. Following the completion of the transaction, the senior vice president now owns 2,343 shares of the company’s stock, valued at approximately $74,155.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director William V. Krehbiel purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, June 14th. The shares were purchased at an average cost of $31.67 per share, for a total transaction of $316,700.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at approximately $316,700. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James Raymond Bartholomew sold 2,380 shares of Adtalem Global Education stock in a transaction on Friday, May 20th. The stock was sold at an average price of $31.65, for a total value of $75,327.00. Following the completion of the sale, the senior vice president now directly owns 2,343 shares of the company’s stock, valued at approximately $74,155.95. The disclosure for this sale can be found here. Corporate insiders own 2.75% of the company’s stock.

Adtalem Global Education Company Profile

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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 postsecondary education industry. 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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