Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in Adtalem Global Education Inc. (NYSE:ATGE) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 573,633 shares of the company’s stock after selling 16,386 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.54% of Adtalem Global Education worth $52,115,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bailard Inc. acquired a new stake in shares of Adtalem Global Education in the 4th quarter valued at about $379,000. Smartleaf Asset Management LLC lifted its position in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after acquiring an additional 634 shares during the period. US Bancorp DE lifted its position in Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after acquiring an additional 151 shares during the period. Parkside Financial Bank & Trust lifted its position in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after acquiring an additional 776 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Adtalem Global Education during the 4th quarter worth approximately $836,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Stock Down 1.8 %

ATGE opened at $93.52 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $99.75 and a 200-day simple moving average of $87.66. The stock has a market capitalization of $3.49 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 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%. On average, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on ATGE. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 6th. Barrington Research increased their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the firm’s 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 completion of the transaction, the insider now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value 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 sold 12,997 shares of company stock valued at $1,386,048 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.