Wealthfront Advisers LLC Invests $5.62 Million in Adtalem Global Education Inc. (NYSE:ATGE)

Wealthfront Advisers LLC bought a new position in Adtalem Global Education Inc. (NYSE:ATGE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 63,060 shares of the company’s stock, valued at approximately $5,621,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATGE. Atria Investments Inc boosted its stake in shares of Adtalem Global Education by 32.6% in the 3rd quarter. Atria Investments Inc now owns 4,721 shares of the company’s stock worth $356,000 after buying an additional 1,162 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $219,000. Victory Capital Management Inc. raised its holdings in shares of Adtalem Global Education by 130.1% in the 3rd quarter. Victory Capital Management Inc. now owns 33,650 shares of the company’s stock worth $2,540,000 after purchasing an additional 19,026 shares during the period. GHE LLC bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $283,000. Finally, Natixis Advisors LLC bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $828,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Activity

In other news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were 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 directly owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now directly owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock worth $1,386,048 in the last three months. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education Trading Up 1.8 %

Shares of ATGE stock opened at $95.36 on Thursday. The company’s fifty day simple moving average is $99.75 and its two-hundred day simple moving average is $87.66. 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 Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results 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 net margin of 12.34% and a return on equity of 16.82%. As a group, analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barrington Research lifted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 6th.

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.