Jane Street Group LLC Has $11.79 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Jane Street Group LLC grew its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 15.7% during the fourth quarter, Holdings Channel reports. The firm owned 129,732 shares of the company’s stock after purchasing an additional 17,579 shares during the period. Jane Street Group LLC’s holdings in Adtalem Global Education were worth $11,786,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ATGE. Arizona State Retirement System lifted its position in shares of Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after buying an additional 110 shares in the last quarter. US Bancorp DE boosted its position in Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after purchasing an additional 151 shares during the last quarter. GAMMA Investing LLC grew its stake in Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after purchasing an additional 177 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Adtalem Global Education by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company’s stock worth $356,000 after purchasing an additional 194 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Adtalem Global Education by 2.4% in the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock worth $763,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In related news, Director Donna J. Hrinak sold 4,812 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the transaction, the director now owns 8,032 shares of the company’s stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred 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 $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 in the last quarter. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on ATGE shares. BMO Capital Markets lifted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Barrington Research reissued an “outperform” rating and issued a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group began coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 price target on the stock.

Adtalem Global Education Price Performance

Adtalem Global Education stock opened at $113.05 on Wednesday. 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 one year low of $61.65 and a one year high of $115.97. The firm has a market capitalization of $4.21 billion, a P/E ratio of 21.05, a PEG ratio of 1.05 and a beta of 0.86. The business has a fifty day moving average price of $101.91 and a 200-day moving average price of $95.92.

Adtalem Global Education declared that its board has authorized a stock buyback program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

About Adtalem Global Education

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.