Connor Clark & Lunn Investment Management Ltd. lessened its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,787 shares of the company's stock after selling 26,785 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.16% of Adtalem Global Education worth $5,432,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. USA Financial Formulas acquired a new position in Adtalem Global Education during the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education in the third quarter worth $27,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education during the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust lifted its stake in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after buying an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
Adtalem Global Education Trading Down 0.7 %
ATGE traded down $0.68 during trading on Thursday, reaching $98.77. The company had a trading volume of 282,761 shares, compared to its average volume of 432,548. Adtalem Global Education Inc. has a 12-month low of $45.18 and a 12-month high of $112.43. The firm's 50-day simple moving average is $100.01 and its 200 day simple moving average is $88.40. 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 company has a market cap of $3.68 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.05 and a beta of 0.95.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly 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%. Equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on ATGE. Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, January 31st. BMO Capital Markets raised their price target on shares of 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, StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday.
Check Out Our Latest Research Report on ATGE
Insider Transactions at Adtalem Global Education
In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction 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 owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business's stock in a transaction that occurred on 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 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 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 owned by corporate insiders.
Adtalem Global Education Profile
(
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.
Featured Stories
Before you consider Adtalem Global Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adtalem Global Education wasn't on the list.
While Adtalem Global Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
