What happened to Global IMC's investment in Adtalem Global Education?

Global IMC fully exited its position in Adtalem Global Education during the third quarter, selling all its shares.

How has Adtalem Global Education performed recently?

Adtalem Global Education's stock has risen about 14% in the past year, though it recently saw a stock price decline despite positive financial results.

What kind of services does Adtalem Global Education provide?

Adtalem Global Education offers postsecondary education and workforce solutions through universities like Chamberlain and Walden, focusing on healthcare and other professional fields.

Home / Business and Economy / Global IMC Exits Adtalem Stake

Global IMC Exits Adtalem Stake

21 Dec

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Summary

Global IMC fully exited its Adtalem Global Education investment.
The divestment resulted in a $6.48 million net position change.
Adtalem stock is up 14% over the past year.

Global IMC LLC completed a full exit from its position in Adtalem Global Education (NYSE:ATGE) during the third quarter, a divestment valued at approximately $6.48 million. The investment fund sold all of its shares, which previously constituted 1.7% of its assets.

This strategic move by Global IMC occurred despite Adtalem's stock performance, which has risen about 14% in the past year. Adtalem Global Education, known for its workforce-focused higher education, operates institutions such as Chamberlain University and Walden University, serving students in nursing, health professions, and veterinary fields.

Recently, Adtalem reported positive financial results, including a 10.8% year-over-year revenue increase and a 35.7% rise in adjusted earnings per share. Despite these fundamentals and an 8% growth in total enrollment, the company's stock experienced a decline following the release, signaling investor concerns about future growth expectations and broader market sentiment.