Jackson Creek Investment Advisors LLC Cuts Position in Adtalem Global Education Inc. (NYSE:ATGE)

Jackson Creek Investment Advisors LLC lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,095 shares of the company's stock after selling 8,602 shares during the quarter. Jackson Creek Investment Advisors LLC's holdings in Adtalem Global Education were worth $1,644,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. USA Financial Formulas bought a new position in shares of Adtalem Global Education in the 4th quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education in the 3rd quarter valued at approximately $27,000. R Squared Ltd bought a new stake in shares of Adtalem Global Education during the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust increased its position in Adtalem Global Education by 4,850.0% during 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Adtalem Global Education by 196.9% in 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 during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the firm'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 value of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value 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 represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 in the last quarter. Company insiders own 2.00% of the company's stock.

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Adtalem Global Education Trading Up 4.5 %

NYSE:ATGE traded up $4.04 during trading hours on Tuesday, hitting $93.92. 457,579 shares of the company were exchanged, compared to its average volume of 405,774. The company has a fifty day simple moving average of $99.60 and a 200 day simple moving average of $87.47. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. 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 issued its quarterly earnings results 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%. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ATGE shares. BMO Capital Markets boosted their target price 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. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 6th. Finally, Barrington Research raised their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, January 31st.

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.