PEAK6 Investments LLC Grows Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

PEAK6 Investments LLC grew its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 29.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,932 shares of the company’s stock after buying an additional 9,529 shares during the quarter. PEAK6 Investments LLC’s holdings in Adtalem Global Education were worth $3,165,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Adtalem Global Education in the 3rd quarter worth approximately $27,000. Quarry LP purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $43,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Adtalem Global Education in the 1st quarter worth approximately $53,000. GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the company’s stock valued at $55,000 after purchasing an additional 433 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Adtalem Global Education during the 3rd quarter valued at $123,000. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Trading Up 0.7 %

NYSE:ATGE opened at $91.41 on Friday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.03 and a beta of 0.95. Adtalem Global Education Inc. has a 52 week low of $43.78 and a 52 week high of $92.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $80.19 and a 200 day moving average of $73.86.

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

Insiders Place Their Bets

In other Adtalem Global Education news, Director Lisa W. Wardell sold 7,292 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $72.10, for a total transaction of $525,753.20. Following the transaction, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. This represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.