SG Americas Securities LLC Sells 3,294 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

SG Americas Securities LLC lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 32.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,832 shares of the company’s stock after selling 3,294 shares during the quarter. SG Americas Securities LLC’s holdings in Adtalem Global Education were worth $621,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATGE. Assenagon Asset Management S.A. increased its position in Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after purchasing an additional 65,945 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $2,314,000. State Street Corp raised its stake in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares during the last quarter. Marshall Wace LLP acquired a new position in Adtalem Global Education in the second quarter valued at approximately $1,530,000. Finally, Peregrine Asset Advisers Inc. boosted its stake in Adtalem Global Education by 33.5% in the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock valued at $6,425,000 after acquiring an additional 21,373 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 11,659 shares of the company’s stock, valued at $1,053,857.01. This represents a 25.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on ATGE. StockNews.com cut 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 upped their price objective on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Barrington Research upped their target price on shares of Adtalem Global Education from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 17th.

Adtalem Global Education Stock Up 2.8 %

Shares of Adtalem Global Education stock opened at $102.66 on Friday. The company has a market capitalization of $3.85 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $93.00 and a two-hundred day moving average of $82.22. Adtalem Global Education Inc. has a 1 year low of $45.16 and a 1 year high of $103.15.

Adtalem Global Education (NYSE:ATGE) last posted its 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 return on equity of 15.63% and a net margin of 10.55%. As a group, equities analysts predict that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

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.