State of New Jersey Common Pension Fund D Sells 2,684 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

State of New Jersey Common Pension Fund D reduced its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 9.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,182 shares of the company’s stock after selling 2,684 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Adtalem Global Education worth $1,976,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ATGE. Pacer Advisors Inc. grew its position in 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 worth $90,725,000 after acquiring an additional 1,328,462 shares in the last quarter. LSV Asset Management increased its position in shares of Adtalem Global Education by 2,360.6% during the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after purchasing an additional 618,466 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Adtalem Global Education by 11.1% during the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after buying an additional 306,699 shares in the last quarter. Vanguard Group Inc. lifted its position in Adtalem Global Education by 2.3% in 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 last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after buying an additional 65,945 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of ATGE stock opened at $87.20 on Monday. 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 capitalization of $3.27 billion, a P/E ratio of 19.95, a PEG ratio of 0.99 and a beta of 0.95. The stock has a 50 day moving average price of $76.78 and a two-hundred day moving average price of $72.08.

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

Insider Buying and Selling

In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the transaction, the chief accounting officer now directly owns 4,720 shares in the company, valued at approximately $355,888. This represents a 16.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lisa W. Wardell sold 7,292 shares of Adtalem Global Education stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $72.10, for a total transaction of $525,753.20. Following the sale, the director now directly owns 105,085 shares in the company, valued at $7,576,628.50. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 81,110 shares of company stock valued at $6,074,681 over the last ninety days. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on ATGE. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barrington Research lifted their target price on shares of Adtalem Global Education from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

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.