Entropy Technologies LP Purchases Shares of 8,232 Adtalem Global Education Inc. (NYSE:ATGE)

Entropy Technologies LP purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,232 shares of the company's stock, valued at approximately $748,000.

Several other hedge funds also recently bought and sold shares of ATGE. State Street Corp lifted its position 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 buying an additional 23,464 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Adtalem Global Education by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock valued at $75,049,000 after acquiring an additional 6,842 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Adtalem Global Education by 4.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company's stock worth $7,681,000 after purchasing an additional 4,246 shares during the last quarter. Peregrine Asset Advisers Inc. boosted its position in Adtalem Global Education by 33.5% during the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company's stock worth $6,425,000 after purchasing an additional 21,373 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company's stock valued at $5,950,000 after purchasing an additional 65,945 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

ATGE stock traded up $0.12 during trading on Friday, hitting $103.44. The company had a trading volume of 401,278 shares, compared to its average volume of 381,883. The company has a market cap of $3.85 billion, a P/E ratio of 19.26, a P/E/G ratio of 1.17 and a beta of 0.97. The company has a fifty day moving average price of $96.37 and a two-hundred day moving average price of $84.45. Adtalem Global Education Inc. has a fifty-two week low of $45.16 and a fifty-two week high of $112.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Equities research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Barrington Research raised their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, BMO Capital Markets lifted 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 note on Monday, February 3rd.

Insider Activity

In related news, insider Michael Betz sold 3,500 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was 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 owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,185 shares of company stock valued at $1,250,721 over the last three months. 2.00% of the stock is 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.