Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Center for Financial Planning Inc.

Center for Financial Planning Inc. lessened its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 81.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 354 shares of the company’s stock after selling 1,556 shares during the quarter. Center for Financial Planning Inc.’s holdings in Adtalem Global Education were worth $32,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas bought a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $26,000. Meeder Asset Management Inc. bought a new stake in shares of Adtalem Global Education during the 3rd quarter valued at about $27,000. R Squared Ltd bought a new stake in shares of Adtalem Global Education during the 4th quarter valued at about $70,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the 3rd quarter valued at about $123,000. Finally, GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 13.8% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after buying an additional 177 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,185 shares of company stock worth $1,250,721. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Stock Up 0.1 %

Shares of NYSE:ATGE opened at $103.44 on Friday. 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 company has a market cap of $3.85 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.97. Adtalem Global Education Inc. has a 52 week low of $45.16 and a 52 week high of $112.43. The firm has a 50 day simple moving average of $96.37 and a 200 day simple moving average of $84.45.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly 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%. As a group, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on ATGE shares. BMO Capital Markets upped their target price on shares of 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 cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research upped their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock 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.