Jackson Creek Investment Advisors LLC Reduces Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Jackson Creek Investment Advisors LLC lessened its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 32.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,095 shares of the company’s stock after selling 8,602 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Adtalem Global Education were worth $1,644,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Adtalem Global Education in the 3rd quarter valued at $27,000. R Squared Ltd purchased a new position in shares of Adtalem Global Education in the 4th quarter valued at $70,000. Parkside Financial Bank & Trust raised its stake in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after acquiring an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Adtalem Global Education by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after acquiring an additional 634 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Down 6.1 %

Shares of Adtalem Global Education stock opened at $93.89 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $3.50 billion, a P/E ratio of 17.48, a PEG ratio of 1.05 and a beta of 0.97. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.43. The company’s fifty day moving average is $99.57 and its two-hundred day moving average is $86.98.

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

Insider Activity

In other news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education 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 sale, the director now owns 12,844 shares of the company’s stock, valued at $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,997 shares of company stock valued at $1,386,048. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ATGE. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday. BMO Capital Markets upped their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Barrington Research lifted their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Adtalem Global Education Company 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.