Atria Investments Inc Increases Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Atria Investments Inc raised its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 17.8% in the fourth quarter, Holdings Channel.com reports. 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 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in Adtalem Global Education during the fourth quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new stake in Adtalem Global Education during the third quarter valued at about $27,000. R Squared Ltd purchased a new stake in Adtalem Global Education during the fourth quarter valued at about $70,000. Parkside Financial Bank & Trust grew its position in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after acquiring an additional 776 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after acquiring an additional 634 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ATGE shares. 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 research report on Friday, January 31st. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, BMO Capital Markets upped their target price 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 Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now owns 12,844 shares in the company, valued at $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Trading Up 3.9 %

NYSE:ATGE opened at $97.19 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44. The business’s 50-day simple moving average is $99.81 and its 200 day simple moving average is $87.94. 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.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS 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%. As a group, sell-side analysts predict 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.