Oak Family Advisors LLC Sells 18,469 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Oak Family Advisors LLC lowered its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 86.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,982 shares of the company’s stock after selling 18,469 shares during the quarter. Oak Family Advisors LLC’s holdings in Adtalem Global Education were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Adtalem Global Education by 511.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Adtalem Global Education in the 3rd quarter worth $2,314,000. State Street Corp raised its position in shares of Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after buying an additional 23,464 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Adtalem Global Education during the 2nd quarter worth $1,530,000. Finally, Peregrine Asset Advisers Inc. grew its position in Adtalem Global Education by 33.5% in the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock worth $6,425,000 after acquiring an additional 21,373 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

ATGE opened at $106.85 on Monday. 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 $45.16 and a 1 year high of $112.44. The stock’s 50 day simple moving average is $93.34 and its 200 day simple moving average is $82.51. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.15 and a beta of 0.97.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the sale, the director now directly owns 11,659 shares of the company’s stock, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Barrington Research increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

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.