Neumeier Poma Investment Counsel LLC increased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 59.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 405,530 shares of the company's stock after purchasing an additional 150,835 shares during the period. Adtalem Global Education makes up approximately 3.6% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 7th largest position. Neumeier Poma Investment Counsel LLC owned 1.09% of Adtalem Global Education worth $36,842,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in ATGE. Boston Partners bought a new position in Adtalem Global Education during the fourth quarter valued at about $35,990,000. Pier Capital LLC acquired a new position in Adtalem Global Education in the fourth quarter worth about $9,114,000. Corient Private Wealth LLC lifted its stake in Adtalem Global Education by 1,907.5% during the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock worth $8,729,000 after purchasing an additional 91,291 shares during the period. Vanguard Group Inc. boosted its holdings in Adtalem Global Education by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock valued at $417,305,000 after purchasing an additional 82,931 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $5,621,000. Institutional investors own 98.84% of the company's stock.
Analyst Ratings Changes
ATGE has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Barrington Research increased their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.
Get Our Latest Report on Adtalem Global Education
Adtalem Global Education Price Performance
NYSE ATGE traded down $2.59 on Monday, hitting $99.51. 108,575 shares of the company were exchanged, compared to its average volume of 424,235. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.71 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.44. The firm has a 50 day moving average of $100.80 and a two-hundred day moving average of $89.96.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (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, equities analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Insider Buying and Selling at Adtalem Global Education
In other news, Director Donna J. Hrinak sold 4,685 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the sale, the director now owns 12,844 shares of the company's stock, valued at $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business's 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 completion of 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 quarter, insiders have sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by company insiders.
Adtalem Global Education Company Profile
(
Free Report)
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.
Further Reading
Before you consider Adtalem Global Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adtalem Global Education wasn't on the list.
While Adtalem Global Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
