Formula Growth Ltd. acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 35,000 shares of the company's stock, valued at approximately $3,180,000. Formula Growth Ltd. owned 0.09% of Adtalem Global Education at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System increased its position in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after buying an additional 110 shares in the last quarter. Bailard Inc. bought a new stake in shares of Adtalem Global Education during the fourth quarter valued at approximately $379,000. Smith Group Asset Management LLC acquired a new position in shares of Adtalem Global Education during the fourth quarter worth approximately $614,000. Y Intercept Hong Kong Ltd bought a new position in shares of Adtalem Global Education in the 4th quarter worth $272,000. Finally, Raymond James Financial Inc. acquired a new stake in Adtalem Global Education in the 4th quarter valued at $2,368,000. Institutional investors own 98.84% of the company's stock.
Adtalem Global Education Stock Up 2.8 %
ATGE stock traded up $2.87 during trading on Wednesday, reaching $105.01. The stock had a trading volume of 592,369 shares, compared to its average volume of 439,775. Adtalem Global Education Inc. has a one year low of $46.46 and a one year high of $112.44. The company's 50 day moving average is $100.62 and its two-hundred day moving average is $93.49. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 1.05 and a beta of 0.91.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Insider Activity at Adtalem Global Education
In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the 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 transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the company's stock in a transaction that occurred on 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. The trade was a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,997 shares of company stock worth $1,386,048. Insiders own 2.00% of the company's stock.
Wall Street Analyst Weigh In
ATGE has been the topic of a number of recent research reports. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Jefferies Financial Group began coverage on Adtalem Global Education in a research note on Wednesday. They set a "buy" rating and a $135.00 price target for the company. BMO Capital Markets boosted their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Barrington Research restated an "outperform" rating and issued a $120.00 target price on shares of Adtalem Global Education in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Adtalem Global Education has an average rating of "Buy" and a consensus target price of $110.00.
View Our Latest Stock Report on Adtalem Global Education
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.
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