Summit Global Investments Invests $856,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Summit Global Investments acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,423 shares of the company's stock, valued at approximately $856,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $26,000. R Squared Ltd acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at $70,000. Parkside Financial Bank & Trust boosted its stake in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after acquiring an additional 776 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Adtalem Global Education by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the period. Finally, GAMMA Investing LLC increased its stake in Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after purchasing an additional 177 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Stock Up 1.4 %

Shares of Adtalem Global Education stock traded up $1.46 on Thursday, hitting $102.74. The company had a trading volume of 290,176 shares, compared to its average volume of 407,388. 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 stock has a 50 day moving average of $100.62 and a 200-day moving average of $89.37. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.05 and a beta of 0.95.

Remove Ads

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 (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. As a group, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Activity

In other news, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now owns 8,032 shares of the company's stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock valued at $1,386,048 over the last quarter. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

ATGE has been the subject of several research reports. Barrington Research raised their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets upped their target price 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.

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.