Bridgewater Associates LP Sells 41,751 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Bridgewater Associates LP lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 38.4% during the fourth quarter, HoldingsChannel reports. The firm owned 67,107 shares of the company’s stock after selling 41,751 shares during the quarter. Bridgewater Associates LP’s holdings in Adtalem Global Education were worth $6,097,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ATGE. USA Financial Formulas bought a new position in shares of Adtalem Global Education in the 4th quarter valued at $26,000. R Squared Ltd acquired a new position in Adtalem Global Education in the 4th quarter worth about $70,000. Parkside Financial Bank & Trust raised its position in Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after purchasing an additional 776 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after purchasing an additional 634 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Adtalem Global Education by 774.8% during the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company’s stock worth $88,000 after purchasing an additional 860 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ATGE shares. BMO Capital Markets raised their price objective 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. Barrington Research restated an “outperform” rating and issued a $120.00 price target on shares of Adtalem Global Education in a research report on Tuesday. Finally, StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

Insiders Place Their Bets

In related news, Director Donna J. Hrinak sold 4,685 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now owns 12,844 shares in the company, valued at $1,395,885.92. This represents a 26.73 % decrease in their position. The sale was disclosed in a document filed 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 that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $106.04 on Friday. The stock’s 50 day moving average is $100.79 and its 200 day moving average is $92.77. Adtalem Global Education Inc. has a one year low of $45.93 and a one year high of $112.44. The firm has a market cap of $3.95 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 EPS 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.