Formula Growth Ltd. Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

Formula Growth Ltd. purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,000 shares of the company's stock, valued at approximately $3,180,000. Formula Growth Ltd. owned approximately 0.09% of Adtalem Global Education at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Adtalem Global Education by 1.0% during the fourth 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. US Bancorp DE boosted its holdings in shares of Adtalem Global Education by 4.8% in the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares during the last quarter. GAMMA Investing LLC grew its position in Adtalem Global Education by 13.8% during the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after buying an additional 177 shares during the period. Summit Investment Advisors Inc. raised its position in Adtalem Global Education by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock worth $356,000 after acquiring an additional 194 shares during the period. Finally, Handelsbanken Fonder AB grew its position in shares of Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock valued at $763,000 after acquiring an additional 200 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BMO Capital Markets upped their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Jefferies Financial Group assumed coverage on Adtalem Global Education in a report on Wednesday. They issued a "buy" rating and a $135.00 price objective for the company. Barrington Research reiterated an "outperform" rating and set a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Finally, 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Adtalem Global Education presently has a consensus rating of "Buy" and an average target price of $110.00.

Adtalem Global Education Price Performance

Shares of ATGE stock traded down $0.46 during trading hours on Thursday, reaching $104.62. The stock had a trading volume of 104,581 shares, compared to its average volume of 462,215. The stock's fifty day simple moving average is $100.65 and its 200 day simple moving average is $93.57. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.90 billion, a PE ratio of 19.46, a PEG ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a 12 month low of $46.50 and a 12 month high of $112.43.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results 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, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Transactions at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the 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 transaction, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction that occurred on 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 sale, 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 position. 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. 2.00% of the stock is owned by corporate insiders.

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.