Sanctuary Advisors LLC Has $2.19 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Sanctuary Advisors LLC lifted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,116 shares of the company’s stock after purchasing an additional 2,529 shares during the quarter. Sanctuary Advisors LLC owned 0.06% of Adtalem Global Education worth $2,191,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock worth $18,227,000 after buying an additional 7,069 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Adtalem Global Education by 5.2% during the fourth quarter. New York State Teachers Retirement System now owns 56,986 shares of the company’s stock worth $5,177,000 after buying an additional 2,832 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Adtalem Global Education during the fourth quarter worth $218,000. Gladstone Institutional Advisory LLC bought a new position in Adtalem Global Education in the 4th quarter valued at $516,000. Finally, Entropy Technologies LP bought a new position in Adtalem Global Education in the 4th quarter valued at $748,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William W. Burke sold 4,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares of the company’s stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,997 shares of company stock worth $1,747,608 in the last ninety days. 2.00% of the stock is owned by insiders.

Adtalem Global Education Stock Down 7.2 %

ATGE stock opened at $97.66 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.13 and a beta of 0.97. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.43. The stock has a fifty day moving average of $97.88 and a 200-day moving average of $85.54.

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

Wall Street Analyst Weigh In

ATGE has been the subject of a number of recent analyst reports. Barrington Research upped their price objective on 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 downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets upped their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd.

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.