Aristides Capital LLC Buys Shares of 3,659 Adtalem Global Education Inc. (NYSE:ATGE)

Aristides Capital LLC purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,659 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds also recently made changes to their positions in the company. Arizona State Retirement System raised its stake in Adtalem Global Education by 1.0% during the 4th 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 in the last quarter. Quantinno Capital Management LP raised its holdings in Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock worth $231,000 after purchasing an additional 126 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company’s stock valued at $298,000 after buying an additional 151 shares during the period. GAMMA Investing LLC boosted its position in shares of Adtalem Global Education by 13.8% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after purchasing an additional 177 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock worth $763,000 after buying an additional 200 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Activity

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 shares were 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 owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Down 2.8 %

Adtalem Global Education stock opened at $98.08 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average price of $101.02 and a two-hundred day moving average price of $90.96. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) 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%. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ATGE shares. Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets increased their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd.

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.