State of Tennessee Department of Treasury Buys 2,740 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

State of Tennessee Department of Treasury increased its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 15.4% in the fourth quarter, Holdings Channel reports. The firm owned 20,518 shares of the company’s stock after buying an additional 2,740 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Adtalem Global Education were worth $1,864,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System grew its position in shares of Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after purchasing an additional 110 shares during the period. Bailard Inc. acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth $379,000. Smith Group Asset Management LLC bought a new stake in Adtalem Global Education in the 4th quarter valued at $614,000. Y Intercept Hong Kong Ltd acquired a new position in Adtalem Global Education in the 4th quarter worth $272,000. Finally, Raymond James Financial Inc. bought a new position in Adtalem Global Education during the 4th quarter worth about $2,368,000. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 1.1 %

NYSE:ATGE opened at $107.62 on Wednesday. Adtalem Global Education Inc. has a 52 week low of $48.94 and a 52 week high of $112.44. The firm’s fifty day moving average is $100.72 and its 200-day moving average is $94.64. The firm has a market cap of $4.01 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last released its 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 net margin of 12.34% and a return on equity of 16.82%. Equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Buying and Selling at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of the company’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 completion of the sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the firm’s stock in a transaction 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 transaction, the director now owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ATGE. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. BMO Capital Markets raised their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Barrington Research restated an “outperform” rating and set 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 research note on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Adtalem Global Education has a consensus rating of “Buy” and a consensus target price of $110.00.

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.