Janus Henderson Group PLC Decreases Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Janus Henderson Group PLC cut its position in Adtalem Global Education Inc. (NYSE:ATGE) by 16.4% during the third quarter, HoldingsChannel reports. The firm owned 16,297 shares of the company’s stock after selling 3,200 shares during the quarter. Janus Henderson Group PLC’s holdings in Adtalem Global Education were worth $1,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of Adtalem Global Education by 81,701.2% during the second 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 in the last quarter. LSV Asset Management increased its holdings in shares of Adtalem Global Education by 2,360.6% in the 2nd 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 last quarter. Renaissance Technologies LLC raised its position in shares of 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 acquiring an additional 47,700 shares in the last quarter. Algert Global LLC raised its position in shares of Adtalem Global Education by 30.6% during the 2nd quarter. Algert Global LLC now owns 122,511 shares of the company’s stock worth $8,356,000 after acquiring an additional 28,698 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Adtalem Global Education by 37.5% in the second quarter. Sei Investments Co. now owns 111,265 shares of the company’s stock valued at $7,589,000 after purchasing an additional 30,336 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ATGE shares. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research boosted their price target on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets raised their price objective on 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 Stock Performance

Shares of ATGE opened at $88.70 on Friday. The company’s 50 day simple moving average is $83.20 and its 200-day simple moving average is $75.55. Adtalem Global Education Inc. has a 12-month low of $43.78 and a 12-month high of $92.93. The firm has a market cap of $3.33 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $417.40 million for the quarter, compared to analyst estimates of $397.48 million. During the same period in the previous year, the business posted $0.93 earnings per share. Adtalem Global Education’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

About Adtalem Global Education

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.