Cubist Systematic Strategies LLC Sells 29,788 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Cubist Systematic Strategies LLC lessened its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 89,000 shares of the company’s stock after selling 29,788 shares during the quarter. Cubist Systematic Strategies LLC owned 0.24% of Adtalem Global Education worth $8,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. USA Financial Formulas bought a new stake in shares of Adtalem Global Education during the fourth quarter worth $26,000. R Squared Ltd bought a new stake in Adtalem Global Education during the 4th quarter worth $70,000. Parkside Financial Bank & Trust increased its holdings in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock worth $72,000 after purchasing an additional 776 shares in the last quarter. Smartleaf Asset Management LLC raised 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 purchasing an additional 634 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Adtalem Global Education by 774.8% during the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company’s stock valued at $88,000 after purchasing an additional 860 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Barrington Research restated an “outperform” rating and issued a $120.00 price objective on shares of Adtalem Global Education in a report on Tuesday, April 15th. Finally, Jefferies Financial Group started coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 target price on the stock.

Adtalem Global Education Stock Performance

Shares of Adtalem Global Education stock opened at $114.73 on Thursday. The company has a market cap of $4.28 billion, a P/E ratio of 21.37, a PEG ratio of 1.05 and a beta of 0.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $102.16 and a two-hundred day moving average price of $96.05. Adtalem Global Education Inc. has a 1-year low of $61.65 and a 1-year high of $116.77.

Adtalem Global Education announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 6th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.