Prescott Group Capital Management L.L.C. Purchases New Shares in Adtalem Global Education Inc. (NYSE:ATGE)

Prescott Group Capital Management L.L.C. bought a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the company's stock, valued at approximately $2,726,000. Prescott Group Capital Management L.L.C. owned approximately 0.08% of Adtalem Global Education as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after purchasing an additional 110 shares during the period. Quantinno Capital Management LP increased its position in Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company's stock valued at $231,000 after acquiring an additional 126 shares during the last quarter. US Bancorp DE raised its position in Adtalem Global Education by 4.8% in the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after purchasing an additional 151 shares during the period. GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after buying an additional 177 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in shares of Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock worth $994,000 after purchasing an additional 192 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

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Adtalem Global Education Stock Up 4.5 %

Shares of NYSE ATGE traded up $4.04 during midday trading on Tuesday, hitting $93.92. 457,579 shares of the company's stock were exchanged, compared to its average volume of 405,774. The company has a market cap of $3.50 billion, a PE ratio of 17.49, a P/E/G ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.44. The firm's fifty day simple moving average is $99.60 and its 200-day simple moving average is $87.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share 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%. Research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were 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 owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the sale, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 6th. BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Barrington Research lifted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, January 31st.

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.