Jump Financial LLC Lowers Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Jump Financial LLC lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 54.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,885 shares of the company's stock after selling 3,417 shares during the quarter. Jump Financial LLC's holdings in Adtalem Global Education were worth $262,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System lifted its position in Adtalem Global Education by 1.0% in the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after purchasing an additional 110 shares during the period. US Bancorp DE raised its stake in shares of Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after buying an additional 177 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of Adtalem Global Education by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock valued at $356,000 after buying an additional 194 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock worth $763,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Activity

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now owns 8,032 shares of the company's stock, valued at $829,384.32. This represents a 37.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group began coverage on Adtalem Global Education in a report on Wednesday. They issued a "buy" rating and a $135.00 target price for the company. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Barrington Research reiterated an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $110.00.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $105.46 on Friday. Adtalem Global Education Inc. has a twelve month low of $48.94 and a twelve month high of $112.44. The company has a market capitalization of $3.93 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $100.66 and a two-hundred day moving average price of $94.16.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share 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%. As a group, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education 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.

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