AlphaQuest LLC Sells 12,626 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

AlphaQuest LLC trimmed its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 88.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,578 shares of the company's stock after selling 12,626 shares during the period. AlphaQuest LLC's holdings in Adtalem Global Education were worth $143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in shares of Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after acquiring an additional 110 shares during the period. Edgestream Partners L.P. bought a new position in shares of Adtalem Global Education during the 3rd quarter worth about $2,314,000. Bailard Inc. bought a new position in shares of Adtalem Global Education during the 4th quarter worth about $379,000. Smith Group Asset Management LLC bought a new position in shares of Adtalem Global Education during the 4th quarter worth about $614,000. Finally, State Street Corp lifted its holdings in shares of Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after acquiring an additional 23,464 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Shares of ATGE stock traded up $0.11 during trading hours on Friday, reaching $98.85. 859,732 shares of the company were exchanged, compared to its average volume of 407,159. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The stock's fifty day moving average is $100.10 and its two-hundred day moving average is $88.47. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Barrington Research lifted their price target 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.

Insider Transactions at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of the business's 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now directly owns 8,032 shares of the company's stock, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock worth $1,386,048. Corporate insiders own 2.00% of the company's stock.

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.