This Education Stock Suddenly Lost a Investor Amid a Nearly 70% Surge

Core Insights - Global IMC LLC has fully exited its position in Adtalem Global Education, selling all 50,933 shares in the third quarter, reflecting a net position change of $6.48 million [2][3][7] - Adtalem's stock price as of the latest market close was $100.60, showing a 14% increase over the past year, slightly underperforming the S&P 500's 16.5% gain [4][5] - Adtalem Global Education reported a revenue of $462.3 million for the latest quarter, marking a year-over-year increase of 10.8%, with adjusted EPS rising 35.7% to $1.75 [12] Company Overview - Adtalem Global Education operates through institutions like Chamberlain University and Walden University, providing postsecondary education and workforce solutions, primarily generating revenue from tuition and fees [9][10] - The company serves students in healthcare, education, business, and public service, focusing on working adults and those pursuing advanced credentials [10] - Adtalem's market capitalization is $3.7 billion, with a trailing twelve months (TTM) revenue of $1.83 billion and a net income of $247.49 million [5] Recent Performance - Total enrollment for Adtalem rose by 8%, continuing a multi-quarter growth streak across its institutions [12] - Adjusted EBITDA increased nearly 16% to $112 million, indicating strong operational performance despite market concerns [12] - The exit by Global IMC suggests a shift in sentiment towards Adtalem, as the stock had previously surged nearly 70% earlier in the year before facing scrutiny [11]