1,139 Shares in Adtalem Global Education Inc (ATGE) Purchased by Fort L.P.
Fort L.P. purchased a new position in Adtalem Global Education Inc (NYSE:ATGE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,139 shares of the company’s stock, valued at approximately $54,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATGE. Penserra Capital Management LLC acquired a new stake in Adtalem Global Education during the 4th quarter valued at $28,000. Enlightenment Research LLC acquired a new stake in Adtalem Global Education during the 4th quarter valued at $76,000. Bank of Montreal Can grew its holdings in Adtalem Global Education by 17.8% during the 4th quarter. Bank of Montreal Can now owns 2,681 shares of the company’s stock valued at $126,000 after buying an additional 405 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Adtalem Global Education by 772.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,792 shares of the company’s stock worth $134,000 after purchasing an additional 2,472 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Adtalem Global Education by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,218 shares of the company’s stock worth $200,000 after purchasing an additional 429 shares during the period. Institutional investors and hedge funds own 94.96% of the company’s stock.
Shares of Adtalem Global Education stock opened at $48.84 on Friday. Adtalem Global Education Inc has a fifty-two week low of $43.50 and a fifty-two week high of $58.80. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.07 and a current ratio of 2.07.
ATGE has been the topic of a number of recent analyst reports. ValuEngine lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Barrington Research reissued a “buy” rating and set a $62.00 price target on shares of Adtalem Global Education in a research note on Wednesday, January 9th. Finally, Zacks Investment Research lowered Adtalem Global Education from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Adtalem Global Education currently has an average rating of “Buy” and a consensus price target of $58.60.
In related news, insider Carlos Filgueiras sold 3,205 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $48.22, for a total value of $154,545.10. Following the transaction, the insider now directly owns 11,775 shares of the company’s stock, valued at approximately $567,790.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James D. White sold 2,936 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $49.03, for a total value of $143,952.08. Following the completion of the transaction, the director now directly owns 6,523 shares in the company, valued at $319,822.69. The disclosure for this sale can be found here. Company insiders own 1.91% of the company’s stock.
Adtalem Global Education Profile
Adtalem Global Education Inc provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor's degree in nursing at 21 campus locations and post-licensure bachelor's, master's, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine.
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