Adtalem Global Education Inc. (NYSE:ATGE) Shares Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. lifted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,207 shares of the company’s stock after purchasing an additional 12,084 shares during the quarter. Adtalem Global Education makes up about 3.3% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 4th biggest position. Peregrine Asset Advisers Inc. owned approximately 0.26% of Adtalem Global Education worth $8,831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas acquired a new stake in Adtalem Global Education in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education in the third quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth $70,000. GAMMA Investing LLC boosted its holdings 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 worth $133,000 after buying an additional 177 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth $123,000. Institutional investors own 98.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Barrington Research boosted their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Adtalem Global Education Trading Down 7.2 %

Shares of ATGE stock opened at $97.66 on Friday. The firm has a market capitalization of $3.64 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.43. The firm’s fifty day simple moving average is $97.88 and its 200 day simple moving average is $85.35. 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 (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 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%. As a group, sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Activity at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,685 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares of the company’s stock, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now directly owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,997 shares of company stock worth $1,747,608 over the last three months. Company insiders own 2.00% of the company’s stock.

About Adtalem Global Education

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.