Xponance Inc. Buys New Position in Adtalem Global Education Inc. (NYSE:ATGE)

Xponance Inc. bought a new stake in 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 bought 2,889 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors have also made changes to their positions in ATGE. Boston Partners acquired a new position in Adtalem Global Education during the 4th quarter worth $35,990,000. Corient Private Wealth LLC raised its position in shares of Adtalem Global Education by 1,907.5% during the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock worth $8,729,000 after acquiring an additional 91,291 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Adtalem Global Education during the fourth quarter valued at $5,621,000. Leuthold Group LLC bought a new position in Adtalem Global Education in the fourth quarter valued at about $3,095,000. Finally, Edgestream Partners L.P. acquired a new stake in Adtalem Global Education in the third quarter worth about $2,314,000. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research raised their price objective 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, BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd.

Adtalem Global Education Trading Up 4.0 %

ATGE traded up $4.12 during midday trading on Wednesday, reaching $106.09. 482,911 shares of the company were exchanged, compared to its average volume of 425,344. The stock has a market capitalization of $3.95 billion, a P/E ratio of 19.76, a PEG ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44. The stock's 50-day simple moving average is $101.04 and its 200 day simple moving average is $90.48. 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 (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,685 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now owns 12,844 shares of the company's stock, valued at $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $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 three months. 2.00% of the stock is currently owned by corporate insiders.

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.