Parkside Financial Bank & Trust Purchases 776 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Parkside Financial Bank & Trust increased its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 4,850.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 792 shares of the company’s stock after purchasing an additional 776 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Adtalem Global Education were worth $72,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Quantinno Capital Management LP increased its stake in shares of Adtalem Global Education by 4.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after acquiring an additional 126 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after acquiring an additional 177 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Adtalem Global Education by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after acquiring an additional 192 shares in the last quarter. Handelsbanken Fonder AB increased its stake in shares of Adtalem Global Education by 2.4% in the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock valued at $763,000 after acquiring an additional 200 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Adtalem Global Education in the 4th quarter valued at $26,000. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $102.28 on Monday. The company has a fifty day simple moving average of $99.02 and a 200 day simple moving average of $86.52. Adtalem Global Education Inc. has a 12-month low of $45.18 and a 12-month high of $112.43. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.81 billion, a P/E ratio of 19.05, a PEG ratio of 1.05 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data 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%. Sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Barrington Research lifted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction on Friday, February 14th. The stock was 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 in the company, valued at $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock valued at $1,386,048 in the last three months. 2.00% of the stock is currently owned by 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.