Adtalem Global Education Inc. (NYSE:ATGE) Position Cut by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 10.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 905 shares of the company’s stock after selling 105 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Adtalem Global Education were worth $82,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after buying an additional 23,464 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Adtalem Global Education by 0.7% during the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock valued at $18,227,000 after purchasing an additional 7,069 shares in the last quarter. Peregrine Asset Advisers Inc. raised its stake in shares of Adtalem Global Education by 14.2% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company’s stock valued at $8,831,000 after purchasing an additional 12,084 shares in the last quarter. Finally, NewSquare Capital LLC raised its stake in shares of Adtalem Global Education by 3.2% during the fourth quarter. NewSquare Capital LLC now owns 74,384 shares of the company’s stock valued at $6,758,000 after purchasing an additional 2,319 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $97.25 on Tuesday. 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’s 50-day moving average price is $99.86 and its two-hundred day moving average price is $88.18. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44. The stock has a market cap of $3.62 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued 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%. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ATGE. Barrington Research lifted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the sale, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by corporate 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.