Pictet Asset Management Holding SA Has $479,000 Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Pictet Asset Management Holding SA boosted its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 24.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,275 shares of the company’s stock after purchasing an additional 1,030 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Adtalem Global Education were worth $479,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of Adtalem Global Education during the fourth quarter valued at approximately $26,000. R Squared Ltd acquired a new stake in Adtalem Global Education during the fourth quarter worth $70,000. Parkside Financial Bank & Trust increased its holdings in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after buying an additional 776 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after buying an additional 634 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 acquiring an additional 177 shares during the period. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $106.49 on Thursday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.05 and a beta of 0.91. The firm’s 50-day moving average price is $101.11 and its two-hundred day moving average price is $91.66. 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 Inc. has a 1-year low of $45.18 and a 1-year high of $112.44.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock worth $1,386,048 in the last quarter. Insiders own 2.00% of the company’s stock.

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.