Hillsdale Investment Management Inc. Has $5.46 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Hillsdale Investment Management Inc. boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,080 shares of the company’s stock after purchasing an additional 280 shares during the period. Hillsdale Investment Management Inc.’s holdings in Adtalem Global Education were worth $5,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATGE. Atria Investments Inc lifted its stake in Adtalem Global Education by 32.6% during the third quarter. Atria Investments Inc now owns 4,721 shares of the company’s stock worth $356,000 after purchasing an additional 1,162 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Adtalem Global Education by 130.1% during the third quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock worth $2,540,000 after purchasing an additional 19,026 shares during the last quarter. Natixis Advisors LLC bought a new stake in Adtalem Global Education during the third quarter worth $828,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education in the 3rd quarter valued at $27,000. Finally, Intech Investment Management LLC lifted its stake in shares of Adtalem Global Education by 94.3% in the 3rd quarter. Intech Investment Management LLC now owns 18,043 shares of the company’s stock valued at $1,362,000 after acquiring an additional 8,759 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $98.85 on Friday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.44. The stock has a fifty day simple moving average of $100.24 and a 200 day simple moving average of $88.63. 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 posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction dated 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 owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock worth $1,386,048 over the last three months. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ATGE. Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd.

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.