Pier Capital LLC Takes $9.11 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Pier Capital LLC acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 100,315 shares of the company’s stock, valued at approximately $9,114,000. Adtalem Global Education accounts for 1.3% of Pier Capital LLC’s investment portfolio, making the stock its 27th largest position. Pier Capital LLC owned about 0.27% of Adtalem Global Education at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. USA Financial Formulas purchased a new position in Adtalem Global Education during the fourth quarter valued at $26,000. R Squared Ltd bought a new position in shares of Adtalem Global Education in the fourth quarter worth about $70,000. Parkside Financial Bank & Trust lifted its position in shares of Adtalem Global Education by 4,850.0% during the 4th 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 grew its stake in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock valued at $86,000 after acquiring an additional 634 shares during the period. Finally, GAMMA Investing LLC raised its stake in 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 acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now owns 8,032 shares of the company’s stock, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,997 shares of company stock worth $1,386,048. Corporate insiders own 2.00% of the company’s stock.

Adtalem Global Education Trading Up 4.6 %

Adtalem Global Education stock opened at $103.31 on Tuesday. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. The firm’s 50 day moving average price is $100.42 and its 200-day moving average price is $89.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $3.85 billion, a P/E ratio of 19.24, a PEG ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results 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, equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ATGE. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, Barrington Research raised their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st.

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.