6,299 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,299 shares of the company’s stock, valued at approximately $572,000.

Several other hedge funds have also bought and sold shares of ATGE. Arizona State Retirement System lifted its holdings in shares of Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after purchasing an additional 110 shares during the last quarter. Bailard Inc. purchased a new position in Adtalem Global Education during the fourth quarter valued at $379,000. Smith Group Asset Management LLC bought a new stake in Adtalem Global Education in the fourth quarter worth $614,000. Y Intercept Hong Kong Ltd bought a new stake in Adtalem Global Education in the fourth quarter worth $272,000. Finally, State Street Corp grew its stake in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after acquiring an additional 23,464 shares during the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Activity at Adtalem Global Education

In related 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock worth $1,386,048 over the last quarter. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Trading Up 4.0 %

Shares of NYSE:ATGE opened at $106.09 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. The company has a market cap of $3.95 billion, a P/E ratio of 19.76, a PEG ratio of 1.05 and a beta of 0.95. The stock’s fifty day moving average price is $101.04 and its 200-day moving average price is $90.48.

Adtalem Global Education (NYSE:ATGE) last posted 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 net margin of 12.34% and a return on equity of 16.82%. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATGE. BMO Capital Markets lifted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Barrington Research lifted their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

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.