Dimensional Fund Advisors LP Sells 130,209 Shares of Adtalem Global Education Inc. (NYSE:ATGE)
Dimensional Fund Advisors LP lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,974,832 shares of the company’s stock after selling 130,209 shares during the period. Dimensional Fund Advisors LP owned 7.93% of Adtalem Global Education worth $134,943,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ATGE. Principal Financial Group Inc. boosted its holdings in Adtalem Global Education by 27.5% in the 4th quarter. Principal Financial Group Inc. now owns 191,313 shares of the company’s stock valued at $6,495,000 after purchasing an additional 41,290 shares during the period. Invenomic Capital Management LP boosted its stake in Adtalem Global Education by 24.5% during the fourth quarter. Invenomic Capital Management LP now owns 88,899 shares of the company’s stock valued at $3,018,000 after buying an additional 17,486 shares during the period. Canada Pension Plan Investment Board bought a new stake in Adtalem Global Education during the fourth quarter valued at $6,960,000. Robecosam AG purchased a new position in Adtalem Global Education during the fourth quarter worth about $6,009,000. Finally, Nuveen Asset Management LLC increased its stake in Adtalem Global Education by 8.8% in the 4th quarter. Nuveen Asset Management LLC now owns 610,849 shares of the company’s stock worth $20,739,000 after acquiring an additional 49,400 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of ATGE stock opened at $39.46 on Thursday. The business has a 50-day moving average price of $40.09 and a two-hundred day moving average price of $33.36. Adtalem Global Education Inc. has a 12-month low of $23.22 and a 12-month high of $43.85. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.98 billion, a P/E ratio of -25.46, a price-to-earnings-growth ratio of 0.84 and a beta of 1.37.
Several brokerages have recently commented on ATGE. Barrington Research boosted their price objective on Adtalem Global Education from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, February 3rd. TheStreet raised shares of Adtalem Global Education from a “c+” rating to a “b-” rating in a research note on Tuesday, February 2nd.
In other news, SVP Donna Jennings sold 25,692 shares of the business’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $39.79, for a total value of $1,022,284.68. Following the completion of the sale, the senior vice president now owns 30,360 shares of the company’s stock, valued at approximately $1,208,024.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kenneth J. Phelan bought 2,500 shares of the stock in a transaction dated Tuesday, February 16th. The stock was bought at an average cost of $41.00 per share, with a total value of $102,500.00. Following the purchase, the director now owns 6,870 shares in the company, valued at approximately $281,670. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 3,161 shares of company stock worth $129,564. 2.20% of the stock is owned by insiders.
About Adtalem Global Education
Adtalem Global Education Inc provides educational services worldwide. It operates through two segments, Medical and Healthcare and Financial Services. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor of science in nursing (BSN) program, registered nurse (RN)-to-BSN degree completion option, and graduate programs.
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