Global Alpha Capital Management Ltd. Sells 6,640 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Global Alpha Capital Management Ltd. cut its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,780 shares of the company's stock after selling 6,640 shares during the period. Global Alpha Capital Management Ltd. owned approximately 0.11% of Adtalem Global Education worth $3,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its position in Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company's stock valued at $115,163,000 after purchasing an additional 23,464 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Adtalem Global Education by 0.7% during the 3rd quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock worth $75,049,000 after buying an additional 6,842 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock worth $18,227,000 after acquiring an additional 7,069 shares during the period. Peregrine Asset Advisers Inc. lifted its holdings in Adtalem Global Education by 14.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company's stock worth $8,831,000 after purchasing an additional 12,084 shares during the last quarter. Finally, NewSquare Capital LLC boosted its stake in Adtalem Global Education by 3.2% in the 4th quarter. NewSquare Capital LLC now owns 74,384 shares of the company's stock valued at $6,758,000 after purchasing an additional 2,319 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

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Insider Buying and Selling

In other news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now 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. 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 owned by insiders.

Adtalem Global Education Price Performance

Shares of ATGE stock traded up $1.70 on Wednesday, reaching $95.36. The company had a trading volume of 519,657 shares, compared to its average volume of 429,786. The business's 50-day moving average is $99.66 and its 200 day moving average is $87.61. The stock has a market capitalization of $3.55 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.43. 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 results on Thursday, January 30th. The company reported $1.81 earnings per share (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 forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATGE. Barrington Research increased 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. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, BMO Capital Markets upped their price objective 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.

About Adtalem Global Education

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.