Robertson Opportunity Capital LLC reduced its position in Adtalem Global Education Inc (NYSE:ATGE) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,000 shares of the company’s stock after selling 25,000 shares during the quarter. Adtalem Global Education makes up 2.6% of Robertson Opportunity Capital LLC’s portfolio, making the stock its 17th largest holding. Robertson Opportunity Capital LLC owned approximately 0.17% of Adtalem Global Education worth $4,415,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Suntrust Banks Inc. acquired a new position in Adtalem Global Education during the fourth quarter worth $207,000. BlueCrest Capital Management Ltd acquired a new position in Adtalem Global Education during the fourth quarter worth $209,000. Hanseatic Management Services Inc. raised its stake in Adtalem Global Education by 18.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 7,521 shares of the company’s stock worth $316,000 after acquiring an additional 1,146 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Adtalem Global Education during the third quarter worth $347,000. Finally, ING Groep NV raised its stake in Adtalem Global Education by 20.4% during the fourth quarter. ING Groep NV now owns 9,154 shares of the company’s stock worth $385,000 after acquiring an additional 1,551 shares in the last quarter.
In other news, SVP Donna Jennings sold 4,582 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $45.00, for a total value of $206,190.00. Following the completion of the sale, the senior vice president now directly owns 16,794 shares in the company, valued at $755,730. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ronald L. Taylor sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $45.33, for a total value of $4,533,000.00. Following the completion of the sale, the insider now owns 643,620 shares of the company’s stock, valued at $29,175,294.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 299,868 shares of company stock valued at $14,057,838. 3.04% of the stock is currently owned by corporate insiders.
Shares of Adtalem Global Education Inc (NYSE ATGE) opened at $49.50 on Wednesday. Adtalem Global Education Inc has a 12 month low of $30.15 and a 12 month high of $50.00. The firm has a market capitalization of $2,998.78, a price-to-earnings ratio of 309.38, a PEG ratio of 1.94 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.11.
Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Tuesday, February 6th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. Adtalem Global Education had a return on equity of 9.92% and a net margin of 0.86%. The company had revenue of $337.24 million during the quarter, compared to analyst estimates of $435.56 million. During the same period last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. sell-side analysts predict that Adtalem Global Education Inc will post 2.77 EPS for the current year.
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Adtalem Global Education Company Profile
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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