Adtalem Global Education Inc. (NYSE:ATGE) Stake Lowered by Ghe LLC

Ghe LLC cut its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,595 shares of the company’s stock after selling 160 shares during the period. Ghe LLC’s holdings in Adtalem Global Education were worth $327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in shares of Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after buying an additional 126 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 13.8% during the fourth 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. Glenmede Trust Co. NA raised its position in shares of Adtalem Global Education by 1.5% during the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after buying an additional 192 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock valued at $763,000 after buying an additional 200 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Adtalem Global Education during the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $97.66 on Monday. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $97.88 and its two-hundred day moving average price is $85.54. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.13 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last released 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%. On average, equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. BMO Capital Markets increased their price target 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. Finally, Barrington Research increased their price target 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.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the 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 directly owns 12,844 shares in the company, valued at approximately $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 accessible through the SEC website. Also, Director William W. Burke sold 4,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,997 shares of company stock worth $1,747,608 over the last ninety days. Company insiders own 2.00% of the company’s stock.

About Adtalem Global Education

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.