Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Choreo LLC

Choreo LLC lessened its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,552 shares of the company’s stock after selling 355 shares during the quarter. Choreo LLC’s holdings in Adtalem Global Education were worth $230,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. USA Financial Formulas purchased a new position in Adtalem Global Education during the fourth quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in shares of Adtalem Global Education during the 3rd quarter worth about $27,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $70,000. GAMMA Investing LLC grew its holdings in Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after purchasing an additional 177 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Adtalem Global Education during the third quarter worth approximately $123,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction 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 sale, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,185 shares of company stock worth $1,250,721. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on ATGE shares. BMO Capital Markets lifted 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 boosted their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $103.44 on Friday. 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 $3.85 billion, a P/E ratio of 19.26, a PEG ratio of 1.17 and a beta of 0.97. The firm has a fifty day moving average of $96.37 and a 200-day moving average of $84.41. Adtalem Global Education Inc. has a 52-week low of $45.16 and a 52-week high of $112.43.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.