New Age Alpha Advisors LLC Invests $178,000 in Adtalem Global Education Inc. (NYSE:ATGE)

New Age Alpha Advisors LLC acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,961 shares of the company’s stock, valued at approximately $178,000.

A number of other large investors have also recently bought and sold shares of ATGE. Arizona State Retirement System grew its holdings in Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after purchasing an additional 110 shares during the last quarter. Bailard Inc. acquired a new position in Adtalem Global Education in the 4th quarter valued at $379,000. Smith Group Asset Management LLC bought a new position in Adtalem Global Education in the 4th quarter worth $614,000. Y Intercept Hong Kong Ltd acquired a new position in Adtalem Global Education during the 4th quarter worth $272,000. Finally, State Street Corp boosted its holdings in Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after acquiring an additional 23,464 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on ATGE shares. BMO Capital Markets lifted their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, Barrington Research increased their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st.

Insider Buying and Selling

In other news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $829,384.32. This represents a 37.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael Betz sold 3,500 shares of the business’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 sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Up 4.0 %

ATGE stock opened at $106.09 on Thursday. The business’s 50-day simple moving average is $101.04 and its 200 day simple moving average is $90.48. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.95 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.44.

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, research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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.