Jump Financial LLC Sells 3,417 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Jump Financial LLC cut its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 54.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,885 shares of the company's stock after selling 3,417 shares during the quarter. Jump Financial LLC's holdings in Adtalem Global Education were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATGE. USA Financial Formulas acquired a new stake in Adtalem Global Education during the 4th quarter worth about $26,000. R Squared Ltd bought a new position in shares of Adtalem Global Education in the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust lifted its holdings in Adtalem Global Education by 4,850.0% in 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 boosted its position in Adtalem Global Education by 196.9% during the fourth 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 grew 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 valued at $88,000 after purchasing an additional 860 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ATGE. Barrington Research reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 15th. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock. Finally, StockNews.com downgraded 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.com, Adtalem Global Education currently has a consensus rating of "Buy" and a consensus target price of $110.00.

Adtalem Global Education Stock Performance

Shares of NYSE:ATGE traded up $6.04 during trading on Friday, hitting $113.28. 177,411 shares of the stock were exchanged, compared to its average volume of 458,790. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. 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 Inc. has a 1-year low of $56.09 and a 1-year high of $113.35. The company's fifty day simple moving average is $101.08 and its 200-day simple moving average is $94.94.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results 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 net margin of 12.34% and a return on equity of 16.82%. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction on 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 transaction, the director now directly owns 12,844 shares of the company's stock, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Betz sold 3,500 shares of the company's 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 directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,997 shares of company stock worth $1,386,048. Corporate 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.