ExodusPoint Capital Management LP Takes $6.86 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

ExodusPoint Capital Management LP purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 75,546 shares of the company's stock, valued at approximately $6,863,000. ExodusPoint Capital Management LP owned approximately 0.20% of Adtalem Global Education at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Adtalem Global Education by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock valued at $417,305,000 after purchasing an additional 82,931 shares during the last quarter. State Street Corp raised its position in Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company's stock valued at $115,163,000 after buying an additional 23,464 shares during the last quarter. Wellington Management Group LLP lifted its stake in Adtalem Global Education by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock valued at $75,049,000 after acquiring an additional 6,842 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Adtalem Global Education by 0.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock worth $61,713,000 after acquiring an additional 3,908 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its stake in shares of Adtalem Global Education by 59.2% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock worth $36,842,000 after acquiring an additional 150,835 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the company'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 directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,997 shares of company stock worth $1,386,048. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

ATGE has been the topic of several analyst reports. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Barrington Research boosted their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd.

Adtalem Global Education Stock Performance

NYSE ATGE traded down $4.93 on Thursday, hitting $101.55. 91,810 shares of the stock traded hands, compared to its average volume of 431,918. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The business's fifty day moving average is $101.11 and its two-hundred day moving average is $91.66. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

About Adtalem Global Education

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.