Y Intercept Hong Kong Ltd purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,998 shares of the company's stock, valued at approximately $272,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ATGE. Sigma Planning Corp purchased a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $545,000. Leuthold Group LLC purchased a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $3,095,000. Peregrine Asset Advisers Inc. raised its holdings in shares of Adtalem Global Education by 14.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company's stock worth $8,831,000 after acquiring an additional 12,084 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock worth $763,000 after acquiring an additional 200 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in shares of Adtalem Global Education by 11.7% during the 4th quarter. Sanctuary Advisors LLC now owns 24,116 shares of the company's stock worth $2,191,000 after acquiring an additional 2,529 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.
Insider Transactions at Adtalem Global Education
In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the 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 directly owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Betz sold 3,500 shares of the 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 completion of the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ATGE. BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Barrington Research increased their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday.
Read Our Latest Research Report on Adtalem Global Education
Adtalem Global Education Trading Down 3.2 %
ATGE stock traded down $3.04 during midday trading on Friday, reaching $90.93. The company's stock had a trading volume of 737,492 shares, compared to its average volume of 425,160. 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 fifty day simple moving average of $99.60 and a two-hundred day simple moving average of $87.02. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.43. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.05 and a beta of 0.97.
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 (EPS) for the quarter, topping 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, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
About Adtalem Global Education
(
Free Report)
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.
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