Point72 Asia Singapore Pte. Ltd. Sells 9,791 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Point72 Asia Singapore Pte. Ltd. lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 79.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,462 shares of the company’s stock after selling 9,791 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Adtalem Global Education were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd lifted its position in shares of Adtalem Global Education by 7,430.0% during the first quarter. Covestor Ltd now owns 753 shares of the company’s stock valued at $38,000 after buying an additional 743 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Adtalem Global Education during the 1st quarter worth approximately $53,000. GAMMA Investing LLC lifted its position in Adtalem Global Education by 116.7% during the second quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after acquiring an additional 433 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Adtalem Global Education in the first quarter valued at approximately $56,000. Finally, Gladius Capital Management LP purchased a new position in Adtalem Global Education in the second quarter worth $142,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of ATGE opened at $75.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $74.41 and its 200-day moving average price is $64.71. Adtalem Global Education Inc. has a 1-year low of $41.89 and a 1-year high of $80.18. The firm has a market capitalization of $2.83 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 0.90 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The business had revenue of $409.91 million for the quarter, compared to the consensus estimate of $398.64 million. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts predict that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares in the company, valued at approximately $6,779,434.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Adtalem Global Education news, Director Lisa W. Wardell sold 67,330 shares of Adtalem Global Education stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the transaction, the director now owns 94,804 shares in the company, valued at approximately $6,779,434.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the sale, the chief accounting officer now owns 4,720 shares in the company, valued at approximately $355,888. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ATGE shares. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets increased their price target on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a report on Thursday, August 29th.

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.