Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP lifted its position in Adtalem Global Education Inc. (NYSE:ATGE) by 68.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,738 shares of the company’s stock after purchasing an additional 35,360 shares during the quarter. Trexquant Investment LP’s holdings in Adtalem Global Education were worth $7,880,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in Adtalem Global Education in the fourth quarter valued at approximately $26,000. R Squared Ltd purchased a new stake in Adtalem Global Education in the 4th quarter valued at $70,000. Parkside Financial Bank & Trust boosted its stake in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after purchasing an additional 776 shares during the period. Smartleaf Asset Management LLC grew its position in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in 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 purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Down 4.5 %

NYSE ATGE opened at $100.98 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.76 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a 52-week low of $45.18 and a 52-week high of $112.44. The firm has a 50-day moving average price of $101.05 and a 200 day moving average price of $90.55.

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

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now owns 12,844 shares of the company’s stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction 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. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ATGE shares. Barrington Research increased their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock 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 Tuesday, March 18th. Finally, BMO Capital Markets upped their price target 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.

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.