Summit Global Investments Takes $856,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Summit Global Investments purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, HoldingsChannel reports. The fund purchased 9,423 shares of the company’s stock, valued at approximately $856,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes 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 purchasing an additional 110 shares during the period. Quantinno Capital Management LP raised its position 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 valued at $231,000 after buying an additional 126 shares during the period. US Bancorp DE lifted its stake in Adtalem Global Education by 4.8% in the 4th quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after acquiring an additional 151 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 acquiring an additional 177 shares during the period. Finally, Glenmede Trust Co. NA grew its stake in Adtalem Global Education by 1.5% during 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. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now owns 12,844 shares of the company’s stock, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % 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 over the last three months. 2.00% of the stock is currently owned by insiders.

Adtalem Global Education Trading Up 0.1 %

Shares of NYSE ATGE opened at $98.85 on Monday. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.05 and a beta of 0.95. The business has a 50 day simple moving average of $100.24 and a 200 day simple moving average of $88.84. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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 report on Monday, February 3rd. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Finally, Barrington Research boosted their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

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.