New Age Alpha Advisors LLC Buys Shares of 1,961 Adtalem Global Education Inc. (NYSE:ATGE)

New Age Alpha Advisors LLC purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,961 shares of the company’s stock, valued at approximately $178,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in Adtalem Global Education during the fourth quarter valued at about $11,157,000. Neumeier Poma Investment Counsel LLC boosted its position in shares of Adtalem Global Education by 59.2% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company’s stock valued at $36,842,000 after purchasing an additional 150,835 shares in the last quarter. Trust Investment Advisors acquired a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $237,000. Pier Capital LLC bought a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $9,114,000. Finally, Prudential Financial Inc. lifted its stake in Adtalem Global Education by 6.5% during the fourth quarter. Prudential Financial Inc. now owns 101,438 shares of the company’s stock valued at $9,216,000 after purchasing an additional 6,191 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATGE. Barrington Research upped their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, BMO Capital Markets increased their price target 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.

Adtalem Global Education Trading Up 4.0 %

Adtalem Global Education stock opened at $106.09 on Thursday. The company has a 50 day moving average price of $101.04 and a 200 day moving average price of $90.48. 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 Inc. has a 52 week low of $45.18 and a 52 week high of $112.44. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.05 and a beta of 0.95.

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 return on equity of 16.82% and a net margin of 12.34%. Research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Activity

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the company’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 value of $496,887.12. Following the transaction, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their position. 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 Adtalem Global Education stock in a transaction on Thursday, February 6th. The shares were 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 trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock worth $1,386,048 in the last 90 days. Company insiders own 2.00% of the company’s stock.

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.