Center for Financial Planning Inc. Sells 1,556 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Center for Financial Planning Inc. cut its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 81.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354 shares of the company’s stock after selling 1,556 shares during the period. Center for Financial Planning Inc.’s holdings in Adtalem Global Education were worth $32,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Adtalem Global Education during the 4th quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education during the 3rd quarter worth about $27,000. R Squared Ltd bought a new position in shares of Adtalem Global Education during the 4th quarter worth about $70,000. GAMMA Investing LLC lifted its holdings in Adtalem Global Education by 13.8% during the 4th 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 last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in Adtalem Global Education during the 3rd quarter valued at about $123,000. 98.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. 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. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Barrington Research lifted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the business’s 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 sale, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William W. Burke sold 4,000 shares of the business’s 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 transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,185 shares of company stock valued at $1,250,721. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Stock Up 0.1 %

Shares of NYSE:ATGE opened at $103.44 on Friday. The company has a 50 day moving average of $96.37 and a 200-day moving average of $84.45. Adtalem Global Education Inc. has a one year low of $45.16 and a one year high of $112.43. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 1.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share 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.