Spire Wealth Management Purchases New Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Spire Wealth Management acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,800 shares of the company's stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. USA Financial Formulas bought a new position in Adtalem Global Education in the fourth quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education in the 3rd quarter valued at about $27,000. R Squared Ltd bought a new position in shares of Adtalem Global Education in the 4th quarter valued at about $70,000. GAMMA Investing LLC increased its position in shares of Adtalem Global Education by 60.1% in the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company's stock valued at $97,000 after acquiring an additional 483 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Adtalem Global Education during the third quarter worth about $123,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Transactions at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. Burke sold 4,000 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares of the company's stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,185 shares of company stock worth $1,250,721. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Adtalem Global Education Stock Performance

NYSE:ATGE traded up $0.84 on Monday, hitting $107.95. The company's stock had a trading volume of 380,296 shares, compared to its average volume of 411,769. Adtalem Global Education Inc. has a one year low of $45.16 and a one year high of $112.43. The firm has a market capitalization of $4.02 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. The stock has a fifty day moving average of $95.32 and a two-hundred day moving average of $83.76. 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 posted its quarterly 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 return on equity of 16.82% and a net margin of 12.34%. Research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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.