Entropy Technologies LP Invests $748,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Entropy Technologies LP acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,232 shares of the company’s stock, valued at approximately $748,000.

Several other large investors have also bought and sold shares of the stock. Calamos Advisors LLC bought a new position in Adtalem Global Education during the 4th quarter worth approximately $2,530,000. Spire Wealth Management bought a new position in Adtalem Global Education during the fourth quarter worth $254,000. Caprock Group LLC lifted its holdings in Adtalem Global Education by 16.7% in the fourth quarter. Caprock Group LLC now owns 4,291 shares of the company’s stock valued at $390,000 after buying an additional 613 shares during the period. Smith Group Asset Management LLC bought a new stake in Adtalem Global Education during the fourth quarter valued at $614,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Adtalem Global Education by 4.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 65,130 shares of the company’s stock worth $5,917,000 after acquiring an additional 2,619 shares during the period. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $106.28 on Wednesday. Adtalem Global Education Inc. has a one year low of $45.16 and a one year high of $112.43. The company has a market cap of $3.96 billion, a PE ratio of 19.79, a P/E/G ratio of 1.17 and a beta of 0.97. The stock has a 50-day moving average of $95.63 and a 200-day moving average of $83.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating 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%. On average, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATGE. Barrington Research boosted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd.

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the firm’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 value of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % 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 hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,185 shares of company stock worth $1,250,721. 2.00% of the stock is owned by corporate insiders.

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.