Algert Global LLC Raises Position in Adtalem Global Education Inc. (NYSE:ATGE)

Algert Global LLC grew its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 43.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,171 shares of the company's stock after purchasing an additional 24,777 shares during the quarter. Algert Global LLC owned about 0.22% of Adtalem Global Education worth $7,374,000 as of its most recent filing with the Securities and Exchange Commission.

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

Adtalem Global Education Trading Up 1.7 %

Shares of NYSE:ATGE traded up $1.92 during midday trading on Wednesday, hitting $114.73. 661,479 shares of the stock were exchanged, compared to its average volume of 438,145. The business's 50-day moving average price is $102.16 and its 200 day moving average price is $96.05. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.05 and a beta of 0.86. Adtalem Global Education Inc. has a 12 month low of $61.65 and a 12 month high of $116.41. 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 announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now owns 12,844 shares of the company's stock, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by insiders.

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.