Cibc World Markets Corp Purchases New Shares in Adtalem Global Education Inc. (NYSE:ATGE)

Cibc World Markets Corp bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,508 shares of the company's stock, valued at approximately $319,000.

Other hedge funds have also recently bought and sold shares of the company. USA Financial Formulas acquired a new position in shares of Adtalem Global Education in the fourth quarter valued at approximately $26,000. R Squared Ltd bought a new position in Adtalem Global Education during the 4th quarter worth about $70,000. Parkside Financial Bank & Trust increased its holdings in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after purchasing an additional 634 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after buying an additional 177 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ATGE has been the topic of a number of recent research reports. Barrington Research lifted their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. BMO Capital Markets raised their target price 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. Finally, 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.

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Adtalem Global Education Stock Down 0.9 %

Shares of NYSE:ATGE traded down $0.90 during midday trading on Friday, hitting $101.99. The stock had a trading volume of 444,534 shares, compared to its average volume of 425,058. The company has a market cap of $3.80 billion, a P/E ratio of 18.99, a PEG ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The business's 50-day simple moving average is $100.72 and its 200-day simple moving average is $89.47. 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 announced its quarterly earnings data 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%. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 transaction of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the 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 completion of the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. 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 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.