Ariel Investments LLC decreased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,093,204 shares of the company's stock after selling 159,155 shares during the quarter. Adtalem Global Education comprises 2.0% of Ariel Investments LLC's portfolio, making the stock its 22nd biggest holding. Ariel Investments LLC owned about 5.62% of Adtalem Global Education worth $190,168,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of ATGE. USA Financial Formulas purchased a new position in Adtalem Global Education during the 4th quarter worth $26,000. R Squared Ltd acquired a new stake in Adtalem Global Education during the 4th quarter worth about $70,000. Parkside Financial Bank & Trust boosted its position in Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after buying an additional 776 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% in the 4th 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. Finally, Sterling Capital Management LLC raised its position in Adtalem Global Education by 774.8% during the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after buying an additional 860 shares during the last quarter. Institutional investors own 98.84% of the company's stock.
Insider Transactions at Adtalem Global Education
In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction on 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 owns 8,032 shares of the company's stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company's stock.
Adtalem Global Education Trading Up 2.0 %
NYSE:ATGE traded up $2.31 during trading hours on Thursday, hitting $117.05. The company had a trading volume of 331,057 shares, compared to its average volume of 437,806. Adtalem Global Education Inc. has a 1 year low of $61.65 and a 1 year high of $117.46. The company has a market cap of $4.36 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.05 and a beta of 0.86. The company has a 50-day moving average of $102.16 and a 200 day moving average of $96.05. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.
Adtalem Global Education declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research reaffirmed an "outperform" rating and set a $120.00 target price on shares of Adtalem Global Education in a report on Tuesday, April 15th. BMO Capital Markets upped their price objective 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. Finally, Jefferies Financial Group began coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target on the stock.
Read Our Latest Analysis on Adtalem Global Education
Adtalem Global Education Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Adtalem Global Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adtalem Global Education wasn't on the list.
While Adtalem Global Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
