Trust Investment Advisors Buys New Shares in Adtalem Global Education Inc. (NYSE:ATGE)

Trust Investment Advisors purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the 4th quarter, Holdings Channel reports. The firm purchased 2,604 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATGE. Arizona State Retirement System increased its position 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 acquiring an additional 110 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $2,314,000. Bailard Inc. acquired a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $379,000. Smith Group Asset Management LLC bought a new position in shares of Adtalem Global Education in the fourth quarter valued at $614,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Adtalem Global Education during the fourth quarter worth $272,000. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $101.89 on Wednesday. The company has a market cap of $3.80 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.05 and a beta of 0.95. The firm’s fifty day moving average price is $100.54 and its two-hundred day moving average price is $89.29. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44. 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) last released its quarterly earnings results 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 net margin of 12.34% and a return on equity of 16.82%. Equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ATGE. Barrington Research increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. BMO Capital Markets raised their target price 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. Finally, StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

Insider Transactions at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,997 shares of company stock worth $1,386,048. Company insiders own 2.00% of the company’s stock.

Adtalem Global Education Company 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.