Sei Investments Co. Sells 26,306 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Sei Investments Co. trimmed its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 34.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,177 shares of the company’s stock after selling 26,306 shares during the period. Sei Investments Co. owned approximately 0.13% of Adtalem Global Education worth $4,468,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after purchasing an additional 110 shares during the last quarter. Bailard Inc. bought a new position in shares of Adtalem Global Education during the 4th quarter valued at $379,000. Smith Group Asset Management LLC purchased a new stake in Adtalem Global Education during the 4th quarter valued at about $614,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Adtalem Global Education in the fourth quarter worth $272,000. Finally, State Street Corp boosted 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 worth $115,163,000 after purchasing an additional 23,464 shares during the period. 98.84% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock worth $1,386,048 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ATGE has been the topic of a number of research analyst reports. Barrington Research upped their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets increased their price target on 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 Price Performance

ATGE opened at $106.09 on Thursday. 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 business’s fifty day simple moving average is $101.04 and its 200-day simple moving average is $90.48. Adtalem Global Education Inc. has a 12-month low of $45.18 and a 12-month high of $112.44. The company 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 issued its quarterly earnings results 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 return on equity of 16.82% and a net margin of 12.34%. On average, equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal 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.