Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,107 shares of the company's stock after selling 41,751 shares during the quarter. Bridgewater Associates LP owned approximately 0.18% of Adtalem Global Education worth $6,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATGE. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $26,000. R Squared Ltd purchased a new position in Adtalem Global Education during the 4th quarter worth $70,000. Parkside Financial Bank & Trust increased its holdings in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after purchasing an additional 776 shares during the period. Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the period. Finally, Sterling Capital Management LLC increased its holdings 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 purchasing an additional 860 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now directly owns 8,032 shares of the company's stock, valued at approximately $829,384.32. This represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Stock Up 4.3 %

Shares of NYSE:ATGE traded up $4.40 on Wednesday, reaching $106.54. The company had a trading volume of 107,195 shares, compared to its average volume of 460,423. Adtalem Global Education Inc. has a 52-week low of $46.50 and a 52-week high of $112.43. The firm's 50 day simple moving average is $100.62 and its 200-day simple moving average is $93.49. The firm has a market capitalization of $3.97 billion, a PE ratio of 19.84, a PEG ratio of 1.05 and a beta of 0.91. 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 (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share 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%. As a group, analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BMO Capital Markets raised their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Barrington Research reiterated an "outperform" rating and issued a $120.00 price target on shares of Adtalem Global Education in a report on Tuesday, April 15th. Finally, Jefferies Financial Group initiated coverage on Adtalem Global Education in a report on Wednesday. They issued a "buy" rating and a $135.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $110.00.

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.