Adtalem Global Education Inc. (NYSE:ATGE) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 196.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 956 shares of the company’s stock after purchasing an additional 634 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Adtalem Global Education were worth $86,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. State Street Corp grew its position in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after purchasing an additional 23,464 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Adtalem Global Education by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock valued at $18,227,000 after purchasing an additional 7,069 shares during the last quarter. Peregrine Asset Advisers Inc. grew its position in shares of Adtalem Global Education by 14.2% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company’s stock valued at $8,831,000 after purchasing an additional 12,084 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Adtalem Global Education by 12.1% in the third quarter. Barclays PLC now owns 66,669 shares of the company’s stock valued at $5,031,000 after purchasing an additional 7,172 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, 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 have sold a total of 12,997 shares of company stock valued at $1,386,048 over the last quarter. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Down 3.2 %

Shares of NYSE ATGE opened at $90.93 on Friday. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.43. The firm’s 50 day moving average price is $99.60 and its 200 day moving average price is $87.26. The firm has a market cap of $3.39 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last announced 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 net margin of 12.34% and a return on equity of 16.82%. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Barrington Research raised their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

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.