Connor Clark & Lunn Investment Management Ltd. Lowers Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Connor Clark & Lunn Investment Management Ltd. cut its position in Adtalem Global Education Inc. (NYSE:ATGE) by 30.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,787 shares of the company’s stock after selling 26,785 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Adtalem Global Education were worth $5,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ATGE. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education during the 4th quarter valued at $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Adtalem Global Education during the 3rd quarter valued at $27,000. R Squared Ltd purchased a new stake in shares of Adtalem Global Education during the 4th quarter valued at $70,000. Parkside Financial Bank & Trust raised its position in shares of Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after buying an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after buying an additional 634 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the sale, the insider now directly owns 16,881 shares in the company, 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 in the last quarter. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Price Performance

ATGE stock opened at $97.19 on Monday. 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 firm’s fifty day moving average is $99.81 and its 200 day moving average is $88.02. The firm has a market cap of $3.62 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating 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%. Research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 6th. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, Barrington Research increased their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

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.