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

HighTower Advisors LLC lowered its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,579 shares of the company’s stock after selling 401 shares during the period. HighTower Advisors LLC’s holdings in Adtalem Global Education were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Arizona State Retirement System boosted its position in 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 period. Quantinno Capital Management LP lifted its stake in shares of Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock worth $231,000 after purchasing an additional 126 shares in the last quarter. US Bancorp DE boosted its position in shares of Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after buying an additional 151 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 177 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of Adtalem Global Education by 1.5% in the third quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATGE. Barrington Research upped their price target 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 cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, BMO Capital Markets raised 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.

Adtalem Global Education Trading Down 0.9 %

NYSE:ATGE opened at $101.99 on Friday. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $100.80 and its 200 day simple moving average is $89.69.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (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.

Insider Buying and Selling

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

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.