Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 15.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 845,067 shares of the company’s stock after selling 149,225 shares during the period. Wellington Management Group LLP owned about 2.27% of Adtalem Global Education worth $76,774,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Cerity Partners LLC raised its position in shares of Adtalem Global Education by 19.1% in the third quarter. Cerity Partners LLC now owns 6,895 shares of the company’s stock worth $520,000 after acquiring an additional 1,105 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Adtalem Global Education during the third quarter worth about $1,113,000. Centiva Capital LP acquired a new position in shares of Adtalem Global Education during the 3rd quarter worth about $957,000. Point72 Asset Management L.P. purchased a new position in Adtalem Global Education in the 3rd quarter valued at about $1,064,000. Finally, Point72 DIFC Ltd acquired a new stake in Adtalem Global Education in the 3rd quarter worth about $516,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

ATGE stock opened at $98.08 on Friday. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. The firm has a market capitalization of $3.65 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $101.02 and a 200-day simple moving average of $90.72.

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, 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%. Equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several research reports. Barrington Research raised their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, BMO Capital Markets upped their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Insider Buying and Selling

In related news, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now directly owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,997 shares of company stock worth $1,386,048. Insiders own 2.00% of the company’s stock.

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.