Canada Pension Plan Investment Board Sells 36,700 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Canada Pension Plan Investment Board lowered its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 94.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,300 shares of the company's stock after selling 36,700 shares during the quarter. Canada Pension Plan Investment Board's holdings in Adtalem Global Education were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ATGE. USA Financial Formulas acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at about $26,000. R Squared Ltd acquired a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $70,000. Parkside Financial Bank & Trust increased its position in shares of 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 last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Adtalem Global Education by 774.8% during the fourth 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 and hedge funds own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ATGE shares. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets boosted their price target 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. Barrington Research reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group initiated coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $110.00.

Adtalem Global Education Stock Performance

Shares of ATGE traded up $2.14 during midday trading on Thursday, reaching $108.34. 285,821 shares of the stock were exchanged, compared to its average volume of 439,769. The stock's 50 day simple moving average is $100.89 and its 200 day simple moving average is $94.72. The company has a market cap of $4.04 billion, a P/E ratio of 20.21, a PEG ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a twelve month low of $48.94 and a twelve month 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.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Activity at Adtalem Global Education

In related news, 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 value of $509,165.80. Following the completion of the transaction, the director now owns 12,844 shares of the company's stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Betz sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were 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 of the company's stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company's stock.

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.