Capital World Investors Boosts Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Capital World Investors raised its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,016,441 shares of the company's stock after buying an additional 50,000 shares during the quarter. Capital World Investors owned about 2.73% of Adtalem Global Education worth $92,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings 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 purchasing an additional 110 shares in the last quarter. Bailard Inc. bought a new stake in Adtalem Global Education in the fourth quarter worth $379,000. Smith Group Asset Management LLC bought a new stake in Adtalem Global Education in the fourth quarter worth $614,000. Y Intercept Hong Kong Ltd bought a new stake in Adtalem Global Education in the fourth quarter worth $272,000. Finally, Raymond James Financial Inc. bought a new stake in Adtalem Global Education in the fourth quarter worth $2,368,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ATGE shares. Jefferies Financial Group started coverage on Adtalem Global Education in a research report on Wednesday. They issued a "buy" rating and a $135.00 price target for the company. Barrington Research restated an "outperform" rating and issued a $120.00 price target on shares of Adtalem Global Education in a research report on Tuesday, April 15th. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, BMO Capital Markets lifted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Adtalem Global Education presently has a consensus rating of "Buy" and a consensus price target of $110.00.

Insider Activity at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 16,881 shares of the company's stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna J. Hrinak sold 4,812 shares of the 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 sale, the director now directly owns 8,032 shares of the company's stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock worth $1,386,048 over the last three months. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Trading Up 1.0 %

Shares of NYSE:ATGE traded up $1.01 on Friday, hitting $105.46. 275,674 shares of the company's stock were exchanged, compared to its average volume of 439,997. Adtalem Global Education Inc. has a 12 month low of $48.94 and a 12 month high of $112.44. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The business's 50 day simple moving average is $100.66 and its two-hundred day simple moving average is $94.32. 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 - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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.