State of New Jersey Common Pension Fund D Takes $1.97 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

State of New Jersey Common Pension Fund D bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,866 shares of the company’s stock, valued at approximately $1,969,000. State of New Jersey Common Pension Fund D owned about 0.08% of Adtalem Global Education as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Adtalem Global Education by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 4,422,158 shares of the company’s stock valued at $227,299,000 after purchasing an additional 100,705 shares during the last quarter. Ariel Investments LLC increased its position in Adtalem Global Education by 11.1% in the 1st quarter. Ariel Investments LLC now owns 3,079,317 shares of the company’s stock valued at $158,277,000 after acquiring an additional 306,699 shares during the period. Capital World Investors acquired a new position in Adtalem Global Education in the 4th quarter valued at about $57,787,000. Goldman Sachs Group Inc. increased its position in Adtalem Global Education by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 756,328 shares of the company’s stock valued at $44,586,000 after acquiring an additional 90,161 shares during the period. Finally, LSV Asset Management increased its position in Adtalem Global Education by 2,360.6% in the 2nd quarter. LSV Asset Management now owns 644,666 shares of the company’s stock valued at $43,973,000 after acquiring an additional 618,466 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lisa W. Wardell sold 28,301 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the sale, the director now owns 105,085 shares in the company, valued at approximately $7,959,137.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Lisa W. Wardell sold 67,330 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the sale, the director now owns 94,804 shares in the company, valued at approximately $6,779,434.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lisa W. Wardell sold 28,301 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $75.74, for a total value of $2,143,517.74. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at approximately $7,959,137.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,440 shares of company stock worth $10,889,450. Company insiders own 2.20% of the company’s stock.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $75.30 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $74.52 and its two-hundred day moving average is $63.89. Adtalem Global Education Inc. has a 12-month low of $41.89 and a 12-month high of $80.18. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 0.83 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The company had revenue of $409.91 million for the quarter, compared to analysts’ expectations of $398.64 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. Research analysts expect that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Analysts Set New Price Targets

ATGE has been the topic of several recent research reports. Barrington Research restated an “outperform” rating and issued a $90.00 price target on shares of Adtalem Global Education in a research report on Thursday, August 29th. StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets boosted their price target on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th.

About Adtalem Global Education

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.