Wealthfront Advisers LLC Invests $5.62 Million in Adtalem Global Education Inc. (NYSE:ATGE)

Wealthfront Advisers LLC purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 63,060 shares of the company's stock, valued at approximately $5,621,000. Wealthfront Advisers LLC owned 0.17% of Adtalem Global Education at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Atria Investments Inc grew its position in shares of Adtalem Global Education by 32.6% in the 3rd quarter. Atria Investments Inc now owns 4,721 shares of the company's stock worth $356,000 after buying an additional 1,162 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $219,000. Victory Capital Management Inc. grew its position in shares of Adtalem Global Education by 130.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,650 shares of the company's stock worth $2,540,000 after buying an additional 19,026 shares during the last quarter. GHE LLC bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $283,000. Finally, Natixis Advisors LLC bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $828,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the business's 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 sale, the director now directly owns 8,032 shares of the company's stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Betz sold 3,500 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by corporate insiders.

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Adtalem Global Education Stock Down 1.8 %

Shares of NYSE ATGE traded down $1.75 during mid-day trading on Thursday, hitting $93.52. 507,463 shares of the stock traded hands, compared to its average volume of 407,675. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.05 and a beta of 0.95. The stock has a fifty day moving average price of $99.75 and a 200-day moving average price of $87.66.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping 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%. Research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATGE. BMO Capital Markets lifted their price objective 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. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Barrington Research lifted their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, January 31st.

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.