LSV Asset Management Trims Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

LSV Asset Management trimmed its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 806,400 shares of the company's stock after selling 63,100 shares during the period. LSV Asset Management owned 2.16% of Adtalem Global Education worth $73,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Adtalem Global Education during the fourth quarter worth about $2,368,000. Renaissance Technologies LLC boosted its holdings in Adtalem Global Education by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 317,800 shares of the company's stock worth $28,872,000 after acquiring an additional 57,000 shares during the last quarter. Invesco Ltd. grew its position in Adtalem Global Education by 19.5% in the 4th quarter. Invesco Ltd. now owns 390,932 shares of the company's stock worth $35,516,000 after purchasing an additional 63,884 shares in the last quarter. Trek Financial LLC grew its holdings in shares of Adtalem Global Education by 11.6% in the fourth quarter. Trek Financial LLC now owns 4,007 shares of the company's stock valued at $364,000 after acquiring an additional 415 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Adtalem Global Education by 18.2% during the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after purchasing an additional 231 shares during the period. 98.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ATGE shares. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research restated an "outperform" rating and issued a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday. Finally, BMO Capital Markets raised 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.

Adtalem Global Education Price Performance

ATGE traded up $1.35 during trading hours on Wednesday, hitting $107.71. The company's stock had a trading volume of 495,387 shares, compared to its average volume of 432,629. The business's 50-day moving average price is $100.83 and its 200-day moving average price is $92.46. 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 Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating 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%. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now directly owns 8,032 shares in the company, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares of the company's stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,997 shares of company stock valued at $1,386,048. Insiders own 2.00% of the company's stock.

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.