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

Oak Family Advisors LLC reduced its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 86.1% during the fourth quarter, HoldingsChannel.com reports. 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 SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATGE. Marshall Wace LLP bought a new position in Adtalem Global Education in the 2nd quarter worth about $1,530,000. The Manufacturers Life Insurance Company raised its holdings in Adtalem Global Education by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company’s stock worth $1,443,000 after buying an additional 283 shares during the last quarter. Quarry LP purchased a new stake in shares of Adtalem Global Education during the second quarter valued at approximately $43,000. Sanctuary Advisors LLC bought a new stake in shares of Adtalem Global Education during the second quarter valued at approximately $670,000. Finally, SG Americas Securities LLC purchased a new position in Adtalem Global Education in the 3rd quarter worth approximately $764,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In related news, Director William W. Burke sold 4,000 shares of Adtalem Global Education stock in a transaction on Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the transaction, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. The trade was a 25.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Adtalem Global Education Stock Performance

ATGE stock opened at $106.85 on Monday. The company has a market cap of $3.98 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. 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 fifty day moving average price is $93.34 and its 200-day moving average price is $82.51.

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, beating 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%. On average, equities analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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.