3,659 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by Aristides Capital LLC

Aristides Capital LLC purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,659 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Adtalem Global Education by 200.5% in the fourth quarter. Russell Investments Group Ltd. now owns 55,360 shares of the company’s stock valued at $5,029,000 after buying an additional 36,937 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in Adtalem Global Education during the fourth quarter worth about $234,000. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Adtalem Global Education by 2.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 33,995 shares of the company’s stock worth $3,088,000 after purchasing an additional 956 shares during the period. Wells Fargo & Company MN increased its stake in Adtalem Global Education by 20.0% during the 4th quarter. Wells Fargo & Company MN now owns 66,846 shares of the company’s stock worth $6,073,000 after acquiring an additional 11,123 shares during the period. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $1,366,000. Institutional investors own 98.84% of the company’s stock.

Insider Activity at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares in the company, 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. In the last quarter, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ATGE. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Barrington Research lifted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, BMO Capital Markets upped their target price on 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 Stock Performance

Shares of ATGE stock opened at $98.08 on Monday. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The firm has a 50 day moving average of $101.02 and a 200-day moving average of $90.96.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 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%. On average, equities analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current 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.