Virtu KCG Holdings LLC Acquires New Stake in Adtalem Global Education Inc (ATGE)

Virtu KCG Holdings LLC purchased a new position in shares of Adtalem Global Education Inc (NASDAQ:ATGE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,772 shares of the company’s stock, valued at approximately $333,000.

Other institutional investors have also bought and sold shares of the company. Chicago Equity Partners LLC bought a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $704,000. American Century Companies Inc. bought a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $8,539,000. BlackRock Inc. bought a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $229,924,000. Legal & General Group Plc bought a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $3,033,000. Finally, Rhumbline Advisers bought a new position in shares of Adtalem Global Education during the 2nd quarter worth approximately $4,864,000.

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In other news, insider Susan Groenwald sold 5,887 shares of the company’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 transaction, the insider now directly owns 30,582 shares of the company’s stock, valued at $1,033,671.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John P. Roselli sold 2,327 shares of the company’s stock in a transaction 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 transaction, 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. Over the last ninety days, insiders have sold 11,328 shares of company stock worth $384,138.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Adtalem Global Education from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. BMO Capital Markets reiterated 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.

Shares of Adtalem Global Education Inc (NASDAQ:ATGE) traded up 0.28% during trading on Friday, hitting $36.20. The company had a trading volume of 11,715 shares. The company’s 50 day moving average is $34.89 and its 200 day moving average is $35.74. The firm has a market capitalization of $2.25 billion and a P/E ratio of 18.95. Adtalem Global Education Inc has a 1-year low of $22.48 and a 1-year high of $40.70.

Adtalem Global Education (NASDAQ:ATGE) last released its earnings results on Thursday, August 17th. The company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $452.77 million. During the same period in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts anticipate that Adtalem Global Education Inc will post $2.88 earnings per share for the current fiscal year.

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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