Atria Investments Inc Grows Position in Adtalem Global Education Inc. (NYSE:ATGE)

Atria Investments Inc increased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 17.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,562 shares of the company’s stock after buying an additional 841 shares during the quarter. Atria Investments Inc’s holdings in Adtalem Global Education were worth $505,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ATGE. Crossmark Global Holdings Inc. purchased a new position in shares of Adtalem Global Education in the 3rd quarter valued at approximately $219,000. Victory Capital Management Inc. lifted its holdings in shares of Adtalem Global Education by 130.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock valued at $2,540,000 after buying an additional 19,026 shares during the period. Natixis Advisors LLC acquired a new stake in shares of Adtalem Global Education in the 3rd quarter valued at approximately $828,000. Quest Partners LLC lifted its holdings in shares of Adtalem Global Education by 173.4% in the 3rd quarter. Quest Partners LLC now owns 14,204 shares of the company’s stock valued at $1,072,000 after buying an additional 9,008 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education in the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barrington Research raised their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th. Finally, BMO Capital Markets raised 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 Stock Performance

NYSE ATGE opened at $97.19 on Friday. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The business has a fifty day moving average of $99.81 and a 200-day moving average of $87.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Insider Transactions at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education 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 completion of the sale, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value 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 represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock valued at $1,386,048 over the last three months. 2.00% of the stock is currently owned by insiders.

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.