Aigen Investment Management LP Invests $439,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Aigen Investment Management LP bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,831 shares of the company's stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp increased its holdings 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 purchasing an additional 23,464 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock valued at $75,049,000 after buying an additional 6,842 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Adtalem Global Education by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock valued at $18,227,000 after buying an additional 7,069 shares during the period. Peregrine Asset Advisers Inc. lifted its position in Adtalem Global Education by 14.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company's stock worth $8,831,000 after acquiring an additional 12,084 shares in the last quarter. Finally, NewSquare Capital LLC boosted its holdings in Adtalem Global Education by 3.2% in the 4th quarter. NewSquare Capital LLC now owns 74,384 shares of the company's stock worth $6,758,000 after acquiring an additional 2,319 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

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Analyst Upgrades and Downgrades

ATGE has been the topic of a number of analyst reports. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 6th. Barrington Research lifted their price target on shares of 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 upped their price objective on shares of 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 Up 4.5 %

Shares of ATGE stock traded up $4.04 during mid-day trading on Tuesday, reaching $93.92. 457,579 shares of the company were exchanged, compared to its average volume of 405,774. 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 50 day simple moving average is $99.60 and its 200 day simple moving average is $87.47. The company has a market capitalization of $3.50 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results 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 net margin of 12.34% and a return on equity of 16.82%. Research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Transactions at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now owns 8,032 shares in the company, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is currently owned by corporate insiders.

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.