Renaissance Technologies LLC Purchases 57,000 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Renaissance Technologies LLC lifted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 317,800 shares of the company's stock after purchasing an additional 57,000 shares during the period. Renaissance Technologies LLC owned 0.85% of Adtalem Global Education worth $28,872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System raised its stake in 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 buying an additional 110 shares during the period. Bailard Inc. acquired a new stake in Adtalem Global Education during the 4th quarter valued at $379,000. Smith Group Asset Management LLC bought a new position in Adtalem Global Education during the fourth quarter worth $614,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Adtalem Global Education in the fourth quarter valued at $272,000. Finally, State Street Corp raised 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 purchasing an additional 23,464 shares during the period. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares in the company, valued at $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction 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 sale, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock valued at $1,386,048 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded up $0.13 during midday trading on Thursday, reaching $106.83. The company's stock had a trading volume of 175,882 shares, compared to its average volume of 433,802. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $3.98 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.05 and a beta of 0.91. The business's 50 day moving average price is $100.83 and its two-hundred day moving average price is $92.56. Adtalem Global Education Inc. has a fifty-two week low of $45.86 and a fifty-two week high of $112.44.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates 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, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Barrington Research reiterated an "outperform" rating and set a $120.00 target price on shares of Adtalem Global Education in a research note on Tuesday.

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.