Teacher Retirement System of Texas Grows Position in Adtalem Global Education Inc. (NYSE:ATGE)

Teacher Retirement System of Texas grew its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,547 shares of the company's stock after acquiring an additional 8,292 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Adtalem Global Education worth $4,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of ATGE. Boston Partners purchased a new stake in Adtalem Global Education during the fourth quarter valued at approximately $35,990,000. Corient Private Wealth LLC lifted its position in Adtalem Global Education by 1,907.5% in the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock worth $8,729,000 after buying an additional 91,291 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in Adtalem Global Education during the fourth quarter worth $5,621,000. Leuthold Group LLC bought a new position in Adtalem Global Education during the fourth quarter valued at $3,095,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Adtalem Global Education in the third quarter valued at $2,314,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael Betz sold 3,500 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares of the company's stock, valued at $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Donna J. Hrinak sold 4,685 shares of the 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 transaction, the director now owns 12,844 shares in the company, valued at $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 a total of 12,997 shares of company stock valued at $1,386,048 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several equities analysts recently commented on ATGE shares. BMO Capital Markets upped their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.

Adtalem Global Education Stock Down 0.9 %

Shares of ATGE traded down $0.90 during midday trading on Friday, hitting $101.99. 444,534 shares of the company's stock traded hands, compared to its average volume of 425,058. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth 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 company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm's fifty day moving average is $100.72 and its 200-day moving average is $89.47.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.34% and a return on equity of 16.82%. As a group, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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.