Tower Research Capital LLC TRC Grows Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Tower Research Capital LLC TRC raised its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 106.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,425 shares of the company's stock after acquiring an additional 3,825 shares during the quarter. Tower Research Capital LLC TRC's holdings in Adtalem Global Education were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its holdings in Adtalem Global Education by 12.1% in the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock valued at $5,031,000 after buying an additional 7,172 shares in the last quarter. Invst LLC acquired a new stake in Adtalem Global Education during the third quarter worth about $205,000. Tidal Investments LLC acquired a new position in Adtalem Global Education in the 3rd quarter valued at about $201,000. Franklin Resources Inc. boosted its holdings in Adtalem Global Education by 11.7% in the 3rd quarter. Franklin Resources Inc. now owns 12,138 shares of the company's stock valued at $910,000 after purchasing an additional 1,267 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Adtalem Global Education by 13.8% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Performance

Shares of ATGE traded up $7.38 during midday trading on Friday, reaching $114.62. 791,199 shares of the stock were exchanged, compared to its average volume of 438,983. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.05 and a beta of 0.86. 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 Inc. has a twelve month low of $59.35 and a twelve month high of $114.71. The business's 50-day moving average price is $101.41 and its 200 day moving average price is $95.36.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the company's stock in a transaction 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 transaction, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. The trade was a 17.17 % 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 in the last 90 days. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets increased their price objective 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. Barrington Research reissued an "outperform" rating and issued a $120.00 price target on shares of Adtalem Global Education in a research note on Tuesday, April 15th. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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.