Leuthold Group LLC Invests $3.10 Million in Adtalem Global Education Inc. (NYSE:ATGE)

Leuthold Group LLC bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,067 shares of the company's stock, valued at approximately $3,095,000. Leuthold Group LLC owned 0.09% of Adtalem Global Education as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Adtalem Global Education by 4.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company's stock worth $7,681,000 after acquiring an additional 4,246 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company's stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. New York State Teachers Retirement System increased its position in Adtalem Global Education by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 54,154 shares of the company's stock valued at $4,088,000 after acquiring an additional 641 shares in the last quarter. Clear Creek Financial Management LLC raised its stake in shares of Adtalem Global Education by 3.3% in the third quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company's stock worth $1,043,000 after acquiring an additional 439 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in shares of Adtalem Global Education during the third quarter valued at approximately $1,047,000. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adtalem Global Education

In related 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 transaction of $496,887.12. Following the completion of the transaction, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business'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 transaction, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,997 shares of company stock worth $1,747,608 over the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ATGE has been the topic of several research reports. Barrington Research upped their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted 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 report on Monday, February 3rd.

Adtalem Global Education Stock Up 3.8 %

NYSE ATGE traded up $3.75 during trading on Wednesday, hitting $101.76. The stock had a trading volume of 446,043 shares, compared to its average volume of 416,807. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.43. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The company's 50-day moving average price is $98.17 and its two-hundred day moving average price is $85.91. The company has a market capitalization of $3.79 billion, a PE ratio of 18.95, a P/E/G ratio of 1.05 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating 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, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current 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.