Jupiter Asset Management Ltd. lowered its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 19.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,921 shares of the company's stock after selling 17,872 shares during the quarter. Jupiter Asset Management Ltd. owned 0.20% of Adtalem Global Education worth $6,807,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in Adtalem Global Education during the fourth quarter worth about $5,621,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Adtalem Global Education by 23.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,751 shares of the company's stock valued at $1,068,000 after buying an additional 2,229 shares in the last quarter. TradeLink Capital LLC bought a new stake in Adtalem Global Education in the fourth quarter valued at $532,000. Amundi raised its stake in Adtalem Global Education by 184.9% during the fourth quarter. Amundi now owns 18,906 shares of the company's stock worth $1,785,000 after acquiring an additional 12,271 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of Adtalem Global Education in the 4th quarter valued at $2,726,000. 98.84% of the stock is owned by institutional investors.
Adtalem Global Education Trading Up 3.9 %
Shares of ATGE traded up $3.68 during trading hours on Friday, hitting $97.19. 713,652 shares of the stock traded hands, compared to its average volume of 406,077. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.62 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The business has a fifty day moving average of $99.81 and a 200-day moving average of $88.02. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year 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 earnings per share (EPS) 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%. Analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Wall Street Analysts Forecast Growth
ATGE has been the subject of a number of recent analyst reports. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 6th. BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Finally, Barrington Research boosted their price objective 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.
Check Out Our Latest Analysis on ATGE
Insiders Place Their Bets
In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now owns 12,844 shares of the company's stock, valued at $1,395,885.92. This represents a 26.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. Corporate insiders own 2.00% of the company's stock.
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.
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