State of Tennessee Department of Treasury Purchases 2,740 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

State of Tennessee Department of Treasury boosted its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,518 shares of the company's stock after purchasing an additional 2,740 shares during the quarter. State of Tennessee Department of Treasury owned about 0.06% of Adtalem Global Education worth $1,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Partners acquired a new position in shares of Adtalem Global Education during the fourth quarter worth $35,990,000. Neumeier Poma Investment Counsel LLC raised its holdings in 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 worth $36,842,000 after purchasing an additional 150,835 shares during the last quarter. Norges Bank acquired a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $11,157,000. Pier Capital LLC bought a new stake in shares of Adtalem Global Education in the 4th quarter valued at $9,114,000. Finally, Corient Private Wealth LLC increased its position in shares of Adtalem Global Education by 1,907.5% during the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock worth $8,729,000 after buying an additional 91,291 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Stock Up 6.9 %

ATGE stock traded up $7.38 during mid-day trading on Friday, reaching $114.62. 791,199 shares of the company traded hands, compared to its average volume of 441,806. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.05 and a beta of 0.86. Adtalem Global Education Inc. has a fifty-two week low of $56.09 and a fifty-two week high of $114.71. The firm's 50 day moving average price is $101.41 and its 200 day moving average price is $95.22. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS 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%. As a group, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Activity

In related news, insider Michael Betz sold 3,500 shares of Adtalem Global Education 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 sale, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the transaction, the director now owns 12,844 shares of the company's stock, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 over the last quarter. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barrington Research reiterated an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a report on Tuesday, April 15th. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective for the company. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $110.00.

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.