Dorsey Wright & Associates Invests $1.65 Million in Adtalem Global Education Inc (ATGE)
Dorsey Wright & Associates acquired a new stake in Adtalem Global Education Inc (NASDAQ:ATGE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 43,479 shares of the company’s stock, valued at approximately $1,650,000. Dorsey Wright & Associates owned about 0.07% of Adtalem Global Education as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $174,000. GHP Investment Advisors Inc. acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $202,000. Parametrica Management Ltd acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $232,000. First Mercantile Trust Co. acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $253,000. Finally, ING Groep NV acquired a new stake in shares of Adtalem Global Education in the second quarter valued at approximately $263,000.
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In other news, insider Eric P. Dirst sold 3,114 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $34.06, for a total value of $106,062.84. Following the completion of the transaction, the insider now directly owns 14,800 shares of the company’s stock, valued at $504,088. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John P. Roselli sold 2,327 shares of the company’s stock in a transaction that occurred on 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 $466,682.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,328 shares of company stock valued at $384,138.
Adtalem Global Education Inc (ATGE) traded up 0.937% during mid-day trading on Thursday, reaching $35.025. The company had a trading volume of 25,769 shares. The stock has a market capitalization of $2.17 billion and a PE ratio of 18.338. Adtalem Global Education Inc has a one year low of $21.86 and a one year high of $40.70. The company’s 50-day moving average is $37.74 and its 200-day moving average is $34.81.
Adtalem Global Education (NASDAQ:ATGE) last released its earnings results on Thursday, August 17th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.09. The company had revenue of $451.50 million during the quarter, compared to analyst estimates of $452.77 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. Adtalem Global Education’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Equities research analysts anticipate that Adtalem Global Education Inc will post $2.88 earnings per share for the current year.
A number of analysts have recently issued reports on ATGE shares. Zacks Investment Research raised Adtalem Global Education from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $35.00 price objective (down from $40.00) on shares of Adtalem Global Education in a research report on Monday, August 21st.
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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