2,604 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Acquired by Trust Investment Advisors

Trust Investment Advisors acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,604 shares of the company’s stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of ATGE. Vanguard Group Inc. lifted its position in Adtalem Global Education by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company’s stock worth $417,305,000 after buying an additional 82,931 shares in the last quarter. State Street Corp lifted its position in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after purchasing an additional 23,464 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Adtalem Global Education by 0.7% during the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares during the last quarter. Boston Partners acquired a new stake in shares of Adtalem Global Education in the fourth quarter valued at approximately $35,990,000. Finally, Principal Financial Group Inc. raised its position in Adtalem Global Education by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock worth $18,227,000 after purchasing an additional 7,069 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of NYSE:ATGE opened at $101.89 on Wednesday. The firm’s 50 day simple moving average is $100.54 and its 200 day simple moving average is $89.29. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.05 and a beta of 0.95. 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 (NYSE:ATGE) last posted its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on ATGE. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Barrington Research increased their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd.

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,685 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the transaction, the director now owns 12,844 shares in the company, valued at $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Betz sold 3,500 shares of the 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. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. Corporate insiders own 2.00% of the company’s stock.

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.