Victory Capital Management Inc. Reduces Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Victory Capital Management Inc. reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,469 shares of the company’s stock after selling 181 shares during the period. Victory Capital Management Inc. owned 0.09% of Adtalem Global Education worth $3,041,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ATGE. Leuthold Group LLC bought a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $3,095,000. Edgestream Partners L.P. bought a new position in shares of Adtalem Global Education during the third quarter valued at approximately $2,314,000. Calamos Advisors LLC bought a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $2,530,000. State Street Corp grew its holdings 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 valued at $115,163,000 after buying an additional 23,464 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Adtalem Global Education by 61.0% during the third quarter. Citigroup Inc. now owns 51,039 shares of the company’s stock valued at $3,852,000 after buying an additional 19,337 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets increased their price target 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 increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th.

Insider Buying and Selling

In other news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now owns 12,844 shares in the company, valued at $1,395,885.92. This trade represents a 26.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction 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 owns 16,881 shares in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by insiders.

Adtalem Global Education Trading Up 3.9 %

Shares of ATGE stock opened at $97.19 on Monday. Adtalem Global Education Inc. has a 12-month low of $45.18 and a 12-month high of $112.44. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $99.81 and its 200 day moving average is $88.02. The stock has a market capitalization of $3.62 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) 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%. Research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share 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.