New York State Teachers Retirement System Boosts Position in Adtalem Global Education Inc. (NYSE:ATGE)

New York State Teachers Retirement System boosted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 56,986 shares of the company’s stock after purchasing an additional 2,832 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of Adtalem Global Education worth $5,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ATGE. Assenagon Asset Management S.A. lifted its position in shares of Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after acquiring an additional 65,945 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Adtalem Global Education in the third quarter valued at $2,314,000. Calamos Advisors LLC purchased a new stake in shares of Adtalem Global Education in the fourth quarter valued at $2,530,000. State Street Corp lifted its position in shares of Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after acquiring an additional 23,464 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. lifted its position in shares of Adtalem Global Education by 33.5% in the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock valued at $6,425,000 after acquiring an additional 21,373 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director William W. Burke sold 4,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the completion of the sale, the director now owns 11,659 shares in the company, valued at approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the sale, the director now owns 12,844 shares of the company’s stock, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,997 shares of company stock worth $1,747,608 over the last three months. 2.00% of the stock is owned by insiders.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $105.00 on Friday. The business’s 50-day moving average price is $97.70 and its 200 day moving average price is $85.18. Adtalem Global Education Inc. has a twelve month low of $45.16 and a twelve month high of $112.43. The company has a market capitalization of $3.91 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.14 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate 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, research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Analyst Ratings Changes

ATGE has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Barrington Research increased their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

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.