Trust Investment Advisors Buys Shares of 2,604 Adtalem Global Education Inc. (NYSE:ATGE)

Trust Investment Advisors acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,604 shares of the company's stock, valued at approximately $237,000.

A number of other large investors have also recently made changes to their positions in the business. USA Financial Formulas purchased a new position in shares of Adtalem Global Education during the fourth quarter valued at about $26,000. R Squared Ltd bought a new stake in Adtalem Global Education during the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust grew its holdings in shares of Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after acquiring an additional 776 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after acquiring an additional 634 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the third quarter valued at approximately $123,000. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ATGE. BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Barrington Research upped their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st.

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Insider Activity at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now directly owns 12,844 shares of the company's stock, valued at $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Down 0.9 %

Shares of NYSE ATGE traded down $0.90 during trading on Friday, reaching $101.99. The company had a trading volume of 444,534 shares, compared to its average volume of 425,415. Adtalem Global Education Inc. has a 12-month low of $45.18 and a 12-month high of $112.44. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The business's 50-day moving average is $100.80 and its 200 day moving average is $89.83. The stock has a market cap of $3.80 billion, a PE ratio of 18.99, a P/E/G ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, equities analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education Profile

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.