Teacher Retirement System of Texas Purchases 29,860 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Teacher Retirement System of Texas increased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 62.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,407 shares of the company's stock after buying an additional 29,860 shares during the period. Teacher Retirement System of Texas owned 0.21% of Adtalem Global Education worth $7,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ATGE. US Bancorp DE increased its holdings in Adtalem Global Education by 4.8% during the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after buying an additional 634 shares during the last quarter. Atria Investments Inc increased its holdings in Adtalem Global Education by 17.8% during the fourth quarter. Atria Investments Inc now owns 5,562 shares of the company's stock worth $505,000 after buying an additional 841 shares during the last quarter. Aigen Investment Management LP acquired a new position in Adtalem Global Education during the fourth quarter worth $439,000. Finally, Arizona State Retirement System increased 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 during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the transaction, the director directly owned 9,368 shares in the company, valued at approximately $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Performance

Shares of ATGE stock remained flat at $120.00 on Wednesday. 258,714 shares of the company traded hands, compared to its average volume of 446,485. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. The business has a fifty day simple moving average of $125.23 and a 200 day simple moving average of $108.67. Adtalem Global Education Inc. has a fifty-two week low of $67.00 and a fifty-two week high of $140.12. The company has a market cap of $4.47 billion, a P/E ratio of 19.90, a PEG ratio of 1.07 and a beta of 0.90.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The business had revenue of $466.06 million for the quarter, compared to the consensus estimate of $447.19 million. During the same period in the prior year, the company posted $1.50 earnings per share. Adtalem Global Education's revenue was up 12.9% compared to the same quarter last year. On average, research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its board has authorized a stock buyback program on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on ATGE. BMO Capital Markets upped their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Barrington Research upped their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Wall Street Zen downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group began coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock.

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.