Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,921 shares of the company’s stock after selling 17,872 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.20% of Adtalem Global Education worth $6,807,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATGE. Barrington Research raised their price target 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 lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research 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 stock an “outperform” rating in a research report on Monday, February 3rd.

Adtalem Global Education Stock Down 1.8 %

ATGE opened at $93.52 on Friday. The business’s 50-day simple moving average is $99.75 and its 200-day simple moving average is $87.66. 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 stock has a market capitalization of $3.49 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

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

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,685 shares of the business’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 of the company’s stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business’s 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 sale, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,997 shares of company stock worth $1,386,048. Company 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.