Triumph Capital Management Purchases Shares of 3,661 Adtalem Global Education Inc. (NYSE:ATGE)

Triumph Capital Management bought a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,661 shares of the company's stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. USA Financial Formulas acquired a new position in Adtalem Global Education during the fourth quarter worth $26,000. R Squared Ltd bought a new position in Adtalem Global Education during the 4th quarter valued at about $70,000. Parkside Financial Bank & Trust boosted its position in Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after buying an additional 776 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Adtalem Global Education by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after buying an additional 634 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Adtalem Global Education by 774.8% during the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after buying an additional 860 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Trading Up 6.9 %

Adtalem Global Education stock traded up $7.38 during trading hours on Friday, reaching $114.62. 791,199 shares of the company's stock traded hands, compared to its average volume of 438,983. Adtalem Global Education Inc. has a fifty-two week low of $59.35 and a fifty-two week high of $114.71. The firm's 50 day moving average is $101.41 and its 200-day moving average is $95.36. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm 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.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ATGE. Barrington Research restated an "outperform" rating and set a $120.00 price target on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Jefferies Financial Group assumed coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price for the company. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

Insider Buying and Selling

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares of the company's stock, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents 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 valued at $1,386,048 over the last three months. Company insiders own 2.00% of the company's stock.

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.