Bryce Point Capital LLC acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,299 shares of the company's stock, valued at approximately $572,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ATGE. USA Financial Formulas acquired a new stake in Adtalem Global Education during the fourth quarter worth $26,000. R Squared Ltd purchased a new position in Adtalem Global Education in the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust grew its stake in shares of Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after acquiring an additional 776 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.
Insider Transactions at Adtalem Global Education
In related news, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the sale, the insider now directly owns 16,881 shares of the company's stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 in the last ninety days. Insiders own 2.00% of the company's stock.
Adtalem Global Education Price Performance
Shares of Adtalem Global Education stock traded up $2.04 during trading on Tuesday, hitting $100.76. 164,456 shares of the company were exchanged, compared to its average volume of 428,088. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.05 and a beta of 0.91. 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 firm has a 50 day moving average price of $101.05 and a 200 day moving average price of $91.13. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results 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 return on equity of 16.82% and a net margin of 12.34%. On average, equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
ATGE has been the subject of several recent analyst reports. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Barrington Research boosted their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.
Get Our Latest Stock Report on ATGE
About Adtalem Global Education
(
Free Report)
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.
Further Reading
Before you consider Adtalem Global Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adtalem Global Education wasn't on the list.
While Adtalem Global Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
