Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Adtalem Global Education Inc (NASDAQ:ATGE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,738 shares of the company’s stock, valued at approximately $2,343,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.10% of Adtalem Global Education as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. GHP Investment Advisors Inc. purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $202,000. Parametrica Management Ltd purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $232,000. First Mercantile Trust Co. purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $253,000. ING Groep NV purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $263,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Adtalem Global Education during the second quarter worth approximately $316,000.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/09/16/los-angeles-capital-management-equity-research-inc-purchases-shares-of-61738-adtalem-global-education-inc-atge.html.

ATGE has been the topic of several research reports. Zacks Investment Research raised shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a research note on Friday, July 7th. BMO Capital Markets reissued a “market perform” rating and set a $35.00 price target (down from $40.00) on shares of Adtalem Global Education in a research note on Monday, August 21st.

Adtalem Global Education Inc (NASDAQ ATGE) opened at 35.30 on Friday. The company has a market cap of $2.19 billion and a PE ratio of 18.48. The stock has a 50 day moving average of $37.74 and a 200 day moving average of $34.81. Adtalem Global Education Inc has a one year low of $21.85 and a one year high of $40.70.

Adtalem Global Education (NASDAQ:ATGE) last issued its quarterly earnings data on Thursday, August 17th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.09. The business had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $452.77 million. Adtalem Global Education had a return on equity of 10.35% and a net margin of 9.76%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. On average, analysts anticipate that Adtalem Global Education Inc will post $2.88 earnings per share for the current fiscal year.

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 transaction of $106,062.84. Following the sale, the insider now directly owns 14,800 shares of the company’s stock, valued at approximately $504,088. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $33.99, for a total value of $79,094.73. Following the sale, the insider now directly owns 13,730 shares in the company, valued at $466,682.70. The disclosure for this sale can be found here. Insiders have sold a total of 11,328 shares of company stock worth $384,138 over the last ninety days.

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.

Institutional Ownership by Quarter for Adtalem Global Education (NASDAQ:ATGE)

Receive News & Ratings for Adtalem Global Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adtalem Global Education Inc and related companies with MarketBeat.com's FREE daily email newsletter.