Adtalem Global Education Inc. (NYSE:ATGE) Stock Position Lifted by Aquatic Capital Management LLC

Aquatic Capital Management LLC boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 54.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,875 shares of the company's stock after buying an additional 5,975 shares during the period. Aquatic Capital Management LLC's holdings in Adtalem Global Education were worth $1,533,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ATGE. Arizona State Retirement System grew its stake in shares of Adtalem Global Education by 1.0% in the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after purchasing an additional 110 shares in the last quarter. US Bancorp DE grew its position in Adtalem Global Education by 4.8% in the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 177 shares during the period. Summit Investment Advisors Inc. increased its stake in Adtalem Global Education by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock valued at $356,000 after buying an additional 194 shares during the period. Finally, Handelsbanken Fonder AB raised its position in shares of Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock worth $763,000 after buying an additional 200 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the stock in a transaction 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 sale, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now owns 8,032 shares in the company, valued at $829,384.32. This represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ATGE shares. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Barrington Research restated an "outperform" rating and issued a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 15th. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE traded up $1.05 on Monday, reaching $115.45. 126,915 shares of the company traded hands, compared to its average volume of 462,377. The stock has a market capitalization of $4.30 billion, a PE ratio of 21.50, a P/E/G ratio of 1.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The company's 50 day moving average is $101.41 and its 200-day moving average is $95.51. Adtalem Global Education Inc. has a fifty-two week low of $59.35 and a fifty-two week high of $115.88.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results 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%. As a group, analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education 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.