Los Angeles Capital Management LLC Purchases Shares of 9,199 Adtalem Global Education Inc. (NYSE:ATGE)

Los Angeles Capital Management LLC purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,199 shares of the company's stock, valued at approximately $836,000.

Several other hedge funds have also recently added to or reduced their stakes in ATGE. Edgestream Partners L.P. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $2,314,000. Smith Group Asset Management LLC bought a new position in Adtalem Global Education in the fourth quarter worth $614,000. State Street Corp boosted its stake in Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after buying an additional 23,464 shares in the last quarter. Barclays PLC increased its holdings in Adtalem Global Education by 12.1% in the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock valued at $5,031,000 after buying an additional 7,172 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Adtalem Global Education by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock valued at $18,227,000 after buying an additional 7,069 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Buying and Selling

In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now directly owns 8,032 shares of the company's stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the company's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction 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 represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock valued at $1,386,048 over the last three months. Company insiders own 2.00% of the company's stock.

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Adtalem Global Education Trading Down 3.1 %

NYSE:ATGE traded down $3.11 during trading hours on Thursday, hitting $96.83. 104,251 shares of the stock were exchanged, compared to its average volume of 412,363. The company has a market capitalization of $3.61 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company's 50 day moving average is $99.38 and its two-hundred day moving average is $86.88. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.43.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Barrington Research lifted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday.

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.