Corebridge Financial Inc. Sells 1,566 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Corebridge Financial Inc. lessened its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 7.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,961 shares of the company’s stock after selling 1,566 shares during the quarter. Corebridge Financial Inc. owned approximately 0.05% of Adtalem Global Education worth $1,813,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ATGE. Vanguard Group Inc. lifted its holdings in Adtalem Global Education by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company’s stock valued at $417,305,000 after buying an additional 82,931 shares during the period. State Street Corp lifted its stake in shares of Adtalem Global Education by 1.6% in the 3rd 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 period. Wellington Management Group LLP boosted its position in shares of Adtalem Global Education by 0.7% during the 3rd 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 in the last quarter. Boston Partners acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $35,990,000. Finally, Principal Financial Group Inc. increased its holdings in Adtalem Global Education by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock worth $18,227,000 after purchasing an additional 7,069 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education 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 transaction, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,997 shares of company stock worth $1,386,048. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $106.09 on Thursday. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.44. The stock’s 50 day moving average is $101.04 and its 200-day moving average is $90.48. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released 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%. Sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Barrington Research raised their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, BMO Capital Markets upped 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.

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.