Adtalem Global Education Inc. (NYSE:ATGE) is Farley Capital L.P.’s 5th Largest Position

Farley Capital L.P. lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,424 shares of the company’s stock after selling 13,300 shares during the period. Adtalem Global Education comprises approximately 6.5% of Farley Capital L.P.’s portfolio, making the stock its 5th biggest position. Farley Capital L.P. owned about 0.23% of Adtalem Global Education worth $7,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new stake in Adtalem Global Education during the 4th quarter worth about $26,000. R Squared Ltd purchased a new stake in shares of Adtalem Global Education in the fourth quarter worth approximately $70,000. Parkside Financial Bank & Trust lifted its position in shares of Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Adtalem Global Education by 196.9% during the fourth 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 period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Adtalem Global Education during the third quarter valued at approximately $123,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Down 0.6 %

NYSE:ATGE opened at $101.32 on Thursday. The company has a market capitalization of $3.78 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.05 and a beta of 0.95. The stock’s 50 day moving average price is $100.62 and its 200 day moving average price is $89.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping 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%. On average, research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ATGE. 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 report on Friday, January 31st. BMO Capital Markets upped their price target on shares of 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, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was 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 owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the transaction, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock valued at $1,386,048 over the last three months. 2.00% of the stock is currently owned by insiders.

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.