Bridgewater Associates LP Has $6.10 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Bridgewater Associates LP trimmed its position in Adtalem Global Education Inc. (NYSE:ATGE) by 38.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,107 shares of the company’s stock after selling 41,751 shares during the period. Bridgewater Associates LP owned approximately 0.18% of Adtalem Global Education worth $6,097,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System raised its stake in Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after buying an additional 110 shares during the period. Bailard Inc. acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth about $379,000. Smith Group Asset Management LLC acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth about $614,000. Y Intercept Hong Kong Ltd bought a new position in shares of Adtalem Global Education during the 4th quarter valued at about $272,000. Finally, Principal Financial Group Inc. grew its position in shares of Adtalem Global Education by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock valued at $18,227,000 after purchasing an additional 7,069 shares during the period. Institutional investors own 98.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ATGE shares. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. BMO Capital Markets lifted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Adtalem Global Education in a research report on Tuesday.

Adtalem Global Education Stock Performance

ATGE opened at $106.04 on Friday. 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 fifty day simple moving average of $100.79 and a 200 day simple moving average of $92.77. Adtalem Global Education Inc. has a 1 year low of $45.93 and a 1 year high of $112.44. The company has a market capitalization of $3.95 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91.

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

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the company’s stock in a transaction 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 directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the director now owns 8,032 shares in the company, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 in the last quarter. Company 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.