Intech Investment Management LLC raised its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 48.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,814 shares of the company's stock after buying an additional 8,771 shares during the period. Intech Investment Management LLC owned about 0.07% of Adtalem Global Education worth $2,436,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. USA Financial Formulas purchased a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education during the 3rd quarter valued at $27,000. R Squared Ltd bought a new position in Adtalem Global Education in the 4th quarter worth $70,000. Parkside Financial Bank & Trust lifted its position in shares of Adtalem Global Education by 4,850.0% in 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 during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Adtalem Global Education by 196.9% during 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 in the last quarter. Institutional investors own 98.84% of the company's stock.
Insiders Place Their Bets
In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction dated 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 of the company's stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $379,995.00. Following the completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. BMO Capital Markets increased 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. Barrington Research increased their target price 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, StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.
View Our Latest Stock Analysis on Adtalem Global Education
Adtalem Global Education Stock Down 1.4 %
NYSE:ATGE traded down $1.40 during mid-day trading on Tuesday, hitting $101.89. 324,072 shares of the company's stock were exchanged, compared to its average volume of 407,760. The company has a market cap of $3.80 billion, a PE ratio of 18.97, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44. The business has a fifty day moving average price of $100.42 and a 200 day moving average price of $89.06.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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 analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
About Adtalem Global Education
(
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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