Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in Adtalem Global Education Inc. (NYSE:ATGE) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,395 shares of the company’s stock after buying an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Adtalem Global Education were worth $763,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education in the third quarter valued at $27,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at $70,000. GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after buying an additional 177 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Adtalem Global Education in the third quarter valued at $123,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Stock Up 2.2 %

NYSE:ATGE opened at $102.28 on Friday. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.05 and a beta of 0.97. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.43. 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 business’s fifty day moving average price is $99.02 and its 200 day moving average price is $86.34.

Adtalem Global Education (NYSE:ATGE) last posted 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%. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock valued at $1,386,048. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ATGE shares. Barrington Research upped their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

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.