3,659 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Purchased by Aristides Capital LLC

Aristides Capital LLC acquired a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 3,659 shares of the company's stock, valued at approximately $332,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings in shares of Adtalem Global Education by 1.0% in the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after buying an additional 110 shares in the last quarter. Bailard Inc. purchased a new stake in Adtalem Global Education in the 4th quarter worth approximately $379,000. Smith Group Asset Management LLC bought a new position in Adtalem Global Education in the 4th quarter valued at $614,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Adtalem Global Education during the 4th quarter valued at $272,000. Finally, State Street Corp increased its holdings in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after purchasing an additional 23,464 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

ATGE has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. 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 report on Friday, January 31st. Finally, StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock traded up $0.98 during trading on Friday, hitting $103.76. 308,840 shares of the stock traded hands, compared to its average volume of 432,336. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 19.32, a PEG 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 Inc. has a 52 week low of $45.18 and a 52 week high of $112.44. The firm's fifty day moving average is $101.00 and its 200-day moving average is $92.03.

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

Insider Activity

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now owns 16,881 shares of the company's stock, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now directly owns 12,844 shares of the company's stock, valued at approximately $1,395,885.92. This trade represents a 26.73 % 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 valued at $1,386,048. 2.00% of the stock is currently owned by insiders.

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.