First Trust Advisors LP Acquires 19,293 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

First Trust Advisors LP grew its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,993 shares of the company's stock after purchasing an additional 19,293 shares during the quarter. First Trust Advisors LP owned approximately 0.24% of Adtalem Global Education worth $8,176,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ATGE. USA Financial Formulas purchased a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $26,000. R Squared Ltd bought a new stake in Adtalem Global Education during the fourth quarter worth $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 worth $72,000 after purchasing an additional 776 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after purchasing an additional 634 shares during the period. Finally, Sterling Capital Management LLC grew its stake in Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after purchasing an additional 860 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Activity at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the sale, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Betz sold 3,500 shares of the company'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 approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

ATGE stock traded up $7.38 during midday trading on Friday, reaching $114.62. 791,199 shares of the company's stock traded hands, compared to its average volume of 441,806. The firm has a market capitalization of $4.27 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The company has a 50-day moving average price of $101.41 and a two-hundred day moving average price of $95.22. Adtalem Global Education Inc. has a 52 week low of $56.09 and a 52 week high of $114.71. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

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 (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%. As a group, equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ATGE shares. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Barrington Research reissued an "outperform" rating and set a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock. Finally, BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Adtalem Global Education currently has an average rating of "Buy" and a consensus target price of $110.00.

Adtalem Global Education Company 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.