Numeric Investors LLC acquired a new stake in Adtalem Global Education Inc (NASDAQ:ATGE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,961 shares of the company’s stock, valued at approximately $1,706,000. Numeric Investors LLC owned approximately 0.07% of Adtalem Global Education at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC acquired a new position in Adtalem Global Education in the second quarter valued at $174,000. GHP Investment Advisors Inc. acquired a new position in Adtalem Global Education in the second quarter valued at $202,000. Parametrica Management Ltd acquired a new position in Adtalem Global Education in the second quarter valued at $232,000. First Mercantile Trust Co. acquired a new position in Adtalem Global Education in the second quarter valued at $253,000. Finally, ING Groep NV acquired a new position in Adtalem Global Education in the second quarter valued at $263,000.
Several research firms have issued reports on ATGE. BMO Capital Markets restated a “market perform” rating and issued a $35.00 price objective (down previously from $40.00) on shares of Adtalem Global Education in a research note on Monday, August 21st. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, July 7th.
Adtalem Global Education Inc (ATGE) opened at 36.00 on Friday. Adtalem Global Education Inc has a 1-year low of $21.97 and a 1-year high of $40.70. The firm has a market cap of $2.23 billion and a P/E ratio of 18.85. The firm has a 50-day moving average of $37.74 and a 200 day moving average of $34.81.
Adtalem Global Education (NASDAQ:ATGE) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.09. Adtalem Global Education had a net margin of 9.76% and a return on equity of 10.35%. The business had revenue of $451.50 million during the quarter, compared to analyst estimates of $452.77 million. During the same period in the previous year, the business posted $0.65 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts predict that Adtalem Global Education Inc will post $2.88 EPS for the current year.
In other news, insider John P. Roselli sold 2,327 shares of Adtalem Global Education stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $33.99, for a total value of $79,094.73. Following the completion of the transaction, the insider now directly owns 13,730 shares of the company’s stock, valued at approximately $466,682.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Groenwald sold 5,887 shares of Adtalem Global Education stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $33.80, for a total transaction of $198,980.60. Following the completion of the transaction, the insider now directly owns 30,582 shares of the company’s stock, valued at $1,033,671.60. The disclosure for this sale can be found here. Insiders sold a total of 11,328 shares of company stock valued at $384,138 over the last ninety days.
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About Adtalem Global Education
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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