TradeLink Capital LLC Makes New $532,000 Investment in Adtalem Global Education Inc. (NYSE:ATGE)

TradeLink Capital LLC acquired a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,860 shares of the company's stock, valued at approximately $532,000. Adtalem Global Education comprises 5.2% of TradeLink Capital LLC's holdings, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CWA Asset Management Group LLC acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $1,047,000. Atria Investments Inc increased its holdings in Adtalem Global Education by 32.6% in the third quarter. Atria Investments Inc now owns 4,721 shares of the company's stock valued at $356,000 after buying an additional 1,162 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Adtalem Global Education in the third quarter worth about $219,000. Peregrine Asset Advisers Inc. grew its position in shares of Adtalem Global Education by 33.5% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company's stock valued at $6,425,000 after acquiring an additional 21,373 shares during the period. Finally, Versor Investments LP increased its stake in shares of Adtalem Global Education by 50.2% in the 3rd quarter. Versor Investments LP now owns 24,489 shares of the company's stock valued at $1,848,000 after purchasing an additional 8,189 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Trading Down 1.8 %

Shares of ATGE traded down $1.75 during mid-day trading on Thursday, reaching $93.52. The stock had a trading volume of 507,463 shares, compared to its average volume of 407,297. Adtalem Global Education Inc. has a 52-week low of $45.18 and a 52-week high of $112.44. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.05 and a beta of 0.95. The business's fifty day moving average is $99.75 and its 200 day moving average is $87.66. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

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

Insiders Place Their Bets

In related 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 sale, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. The trade was 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 90 days. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ATGE has been the topic of several research analyst reports. Barrington Research raised 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. 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. Finally, StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 6th.

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.