Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,764,807 shares of the company's stock after selling 209,889 shares during the period. Dimensional Fund Advisors LP owned approximately 7.42% of Adtalem Global Education worth $251,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arizona State Retirement System grew its holdings in shares of Adtalem Global Education by 1.0% in 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 last quarter. US Bancorp DE raised its holdings in Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares during the period. GAMMA Investing LLC lifted its stake in Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after buying an additional 177 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Adtalem Global Education by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock worth $356,000 after acquiring an additional 194 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in shares of Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock valued at $763,000 after acquiring an additional 200 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ATGE has been the topic of several research 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 lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Barrington Research restated an "outperform" rating and set a $120.00 price objective on shares of Adtalem Global Education in a research report on Tuesday, April 15th.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $97.70 on Tuesday. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company's fifty day moving average is $100.64 and its 200-day moving average is $93.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 12 month low of $46.18 and a 12 month high of $112.44.

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

Insider Activity

In other news, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the insider now directly owns 16,881 shares of the company's stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock valued at $1,386,048 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

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.

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