Capital World Investors Boosts Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Capital World Investors grew its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,016,441 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Capital World Investors owned 2.73% of Adtalem Global Education worth $92,344,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. USA Financial Formulas acquired a new position in Adtalem Global Education during the fourth quarter worth $26,000. R Squared Ltd purchased a new position in shares of Adtalem Global Education in the fourth quarter valued at $70,000. Parkside Financial Bank & Trust boosted its position in shares of 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 buying an additional 776 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of 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 buying an additional 634 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company’s stock valued at $88,000 after acquiring an additional 860 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATGE. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Barrington Research reissued an “outperform” rating and issued a $120.00 target price on shares of Adtalem Global Education in a research note on Tuesday, April 15th. Finally, BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Insider Transactions at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now directly owns 8,032 shares of the company’s stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 in the last ninety days. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $97.70 on Tuesday. The business has a fifty day simple moving average of $100.64 and a 200-day simple moving average of $93.43. Adtalem Global Education Inc. has a 52 week low of $46.18 and a 52 week high of $112.44. The company has a market cap of $3.64 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.05 and a beta of 0.91. 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 announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.