Sigma Planning Corp Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

Sigma Planning Corp bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,000 shares of the company’s stock, valued at approximately $545,000.

Other large investors have also made changes to their positions in the company. USA Financial Formulas acquired a new stake in Adtalem Global Education in the fourth quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education in the 3rd quarter valued at about $27,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $70,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the third quarter worth approximately $123,000. Finally, GAMMA Investing LLC raised its stake in shares of Adtalem Global Education by 13.8% during the fourth 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 last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education 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 sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % 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 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ATGE. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday. 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 upped their price objective on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

Adtalem Global Education Stock Up 3.8 %

Shares of NYSE ATGE opened at $101.76 on Thursday. Adtalem Global Education Inc. has a 52-week low of $45.18 and a 52-week high of $112.43. 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 stock has a market cap of $3.79 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.05 and a beta of 0.97. The firm has a 50 day moving average price of $98.48 and a 200 day moving average price of $86.02.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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.