Pecaut & CO. Reduces Stake in Adtalem Global Education Inc (ATGE)

Pecaut & CO. lessened its position in Adtalem Global Education Inc (NASDAQ:ATGE) by 28.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,925 shares of the company’s stock after selling 27,600 shares during the period. Adtalem Global Education makes up 2.1% of Pecaut & CO.’s holdings, making the stock its 16th largest position. Pecaut & CO. owned about 0.11% of Adtalem Global Education worth $2,507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Crossmark Global Holdings Inc. acquired a new position in shares of Adtalem Global Education in the 3rd quarter worth $347,000. Peregrine Capital Management LLC grew its holdings in shares of Adtalem Global Education by 2.1% in the 3rd quarter. Peregrine Capital Management LLC now owns 378,611 shares of the company’s stock worth $13,573,000 after acquiring an additional 7,685 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Adtalem Global Education by 52.7% in the 3rd quarter. First Trust Advisors LP now owns 53,655 shares of the company’s stock worth $1,924,000 after acquiring an additional 18,515 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Adtalem Global Education by 15.6% in the 3rd quarter. Nationwide Fund Advisors now owns 329,693 shares of the company’s stock worth $11,819,000 after acquiring an additional 44,601 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Adtalem Global Education in the 3rd quarter worth $369,000.

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A number of brokerages recently issued reports on ATGE. BidaskClub upgraded Adtalem Global Education from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research cut Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $35.00 target price (down from $40.00) on shares of Adtalem Global Education in a report on Monday, August 21st.

In related news, insider Susan Groenwald sold 5,887 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $33.80, for a total transaction of $198,980.60. Following the sale, the insider now owns 30,582 shares of the company’s stock, valued at approximately $1,033,671.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John P. Roselli sold 2,327 shares of the firm’s stock in a transaction 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 approximately $466,682.70. The disclosure for this sale can be found here. In the last three months, insiders sold 11,328 shares of company stock worth $384,138.

Adtalem Global Education (NASDAQ:ATGE) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.16). The company had revenue of $421.03 million during the quarter, compared to analyst estimates of $428.00 million. Adtalem Global Education had a net margin of 9.76% and a return on equity of 10.35%. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS.

Adtalem Global Education 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)

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