Adtalem Global Education Inc. (NYSE:ATGE) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Adtalem Global Education Inc. (NYSE:ATGE) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,547 shares of the company’s stock after acquiring an additional 8,292 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of Adtalem Global Education worth $4,320,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ATGE. USA Financial Formulas bought a new position in Adtalem Global Education in the 4th quarter worth about $26,000. R Squared Ltd bought a new position in Adtalem Global Education in the 4th quarter worth approximately $70,000. Parkside Financial Bank & Trust increased its position 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 valued at $72,000 after acquiring an additional 776 shares during the period. Smartleaf Asset Management LLC raised its stake in Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after acquiring an additional 634 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Adtalem Global Education by 13.8% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after acquiring an additional 177 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Trading Up 4.6 %

Shares of Adtalem Global Education stock opened at $103.31 on Tuesday. The business has a fifty day simple moving average of $100.42 and a 200-day simple moving average of $89.06. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

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

Insider Activity at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now directly owns 16,881 shares of the company’s stock, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Donna J. Hrinak sold 4,812 shares of the 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 transaction, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock valued at $1,386,048 over the last ninety days. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

ATGE has been the topic of a number of recent analyst reports. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Barrington Research raised their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets upped their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd.

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.