Dimensional Fund Advisors LP Has $251.18 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Dimensional Fund Advisors LP reduced its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,764,807 shares of the company's stock after selling 209,889 shares during the period. Dimensional Fund Advisors LP owned about 7.42% of Adtalem Global Education worth $251,182,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after acquiring an additional 110 shares during the last quarter. Bailard Inc. acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at about $379,000. Smith Group Asset Management LLC acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at about $614,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Adtalem Global Education during the 4th quarter valued at about $272,000. Finally, Raymond James Financial Inc. acquired a new stake in Adtalem Global Education in the 4th quarter valued at approximately $2,368,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

Shares of ATGE stock traded up $1.01 during mid-day trading on Friday, reaching $105.46. The stock had a trading volume of 275,674 shares, compared to its average volume of 439,997. The firm's 50 day simple moving average is $100.66 and its 200 day simple moving average is $94.32. 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 Inc. has a one year low of $48.94 and a one year high of $112.44. The firm has a market cap of $3.93 billion, a PE ratio of 19.64, a P/E/G ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping 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%. On average, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Adtalem Global Education in a report on Wednesday. They issued a "buy" rating and a $135.00 target price on the stock. BMO Capital Markets raised 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. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Adtalem Global Education in a report on Tuesday, April 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Adtalem Global Education has an average rating of "Buy" and an average target price of $110.00.

Insiders Place Their Bets

In related news, insider Michael Betz sold 3,500 shares of the firm'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 transaction of $379,995.00. Following the completion of the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was 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 of the company's stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is currently owned by company insiders.

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.