5,860 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Acquired by TradeLink Capital LLC

TradeLink Capital LLC bought a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 5,860 shares of the company’s stock, valued at approximately $532,000. Adtalem Global Education accounts for about 5.2% of TradeLink Capital LLC’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Adtalem Global Education in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in Adtalem Global Education in the 3rd quarter worth approximately $27,000. R Squared Ltd acquired a new stake in Adtalem Global Education in the 4th quarter worth approximately $70,000. Parkside Financial Bank & Trust lifted its holdings in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after purchasing an additional 776 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Down 3.2 %

Shares of ATGE stock opened at $90.93 on Friday. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.43. The firm has a market cap of $3.39 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The stock has a 50 day moving average of $99.60 and a 200-day moving average of $87.26. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

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

Analysts Set New Price Targets

ATGE has been the subject of a number of research analyst reports. Barrington Research upped their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets upped their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Insider Activity at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is 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.