Systematic Financial Management LP bought a new stake in shares of Adtalem Global Education Inc (NASDAQ:ATGE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 292,164 shares of the company’s stock, valued at approximately $11,088,000. Systematic Financial Management LP owned approximately 0.47% of Adtalem Global Education at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN bought a new stake in shares of Adtalem Global Education during the 2nd quarter valued at $79,653,000. AMG National Trust Bank bought a new stake in shares of Adtalem Global Education during the 2nd quarter valued at $951,000. Schroder Investment Management Group bought a new stake in shares of Adtalem Global Education during the 2nd quarter valued at $10,952,000. LSV Asset Management bought a new stake in shares of Adtalem Global Education during the 2nd quarter valued at $17,694,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Adtalem Global Education during the 2nd quarter valued at $2,343,000.

A number of brokerages have recently commented on ATGE. BMO Capital Markets restated a “market perform” rating and set a $35.00 target price (down previously from $40.00) on shares of Adtalem Global Education in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Adtalem Global Education from a “sell” rating to a “hold” rating in a report on Friday, July 7th.

Adtalem Global Education Inc (NASDAQ ATGE) opened at 33.55 on Friday. The stock has a 50 day moving average price of $37.74 and a 200 day moving average price of $34.81. Adtalem Global Education Inc has a 52-week low of $21.85 and a 52-week high of $40.70. The stock has a market cap of $2.08 billion and a price-to-earnings ratio of 17.57.

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

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In related news, insider John P. Roselli sold 2,327 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $33.99, for a total transaction of $79,094.73. Following the sale, the insider now owns 13,730 shares of the company’s stock, valued at $466,682.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric P. Dirst sold 3,114 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $34.06, for a total value of $106,062.84. Following the sale, the insider now directly owns 14,800 shares in the company, valued at approximately $504,088. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,328 shares of company stock worth $384,138.

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)

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