Geode Capital Management LLC Trims Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Geode Capital Management LLC lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 865,525 shares of the company's stock after selling 4,346 shares during the quarter. Geode Capital Management LLC owned approximately 2.32% of Adtalem Global Education worth $78,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Boston Partners purchased a new stake in Adtalem Global Education in the fourth quarter valued at approximately $35,990,000. Neumeier Poma Investment Counsel LLC increased its holdings 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 valued at $36,842,000 after acquiring an additional 150,835 shares during the period. Norges Bank purchased a new stake in Adtalem Global Education in the 4th quarter valued at $11,157,000. Pier Capital LLC acquired a new stake in Adtalem Global Education during the 4th quarter worth $9,114,000. Finally, Corient Private Wealth LLC grew its position in Adtalem Global Education by 1,907.5% during the 4th quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock worth $8,729,000 after purchasing an additional 91,291 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock traded down $0.14 during trading on Thursday, reaching $106.57. The company's stock had a trading volume of 138,867 shares, compared to its average volume of 433,649. The business has a 50 day moving average price of $100.83 and a 200-day moving average price of $92.56. Adtalem Global Education Inc. has a 12-month low of $45.86 and a 12-month high of $112.44. The company has a market capitalization of $3.97 billion, a P/E ratio of 19.88, a price-to-earnings-growth 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.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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%. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets boosted their target price on 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 reaffirmed an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a report on Tuesday.

Insider Buying and Selling 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 stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares of the company's stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction on 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 approximately $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Company 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.