Peregrine Asset Advisers Inc. Acquires 12,084 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Peregrine Asset Advisers Inc. boosted its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 14.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 97,207 shares of the company's stock after purchasing an additional 12,084 shares during the period. Adtalem Global Education comprises 3.3% of Peregrine Asset Advisers Inc.'s holdings, making the stock its 4th largest position. Peregrine Asset Advisers Inc. owned about 0.26% of Adtalem Global Education worth $8,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. increased its holdings 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 purchasing an additional 65,945 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth about $2,314,000. Calamos Advisors LLC acquired a new position in Adtalem Global Education in the 4th quarter valued at about $2,530,000. State Street Corp raised its holdings in Adtalem Global Education by 1.6% in the 3rd 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 during the period. Finally, Citigroup Inc. lifted its position in Adtalem Global Education by 61.0% during the third quarter. Citigroup Inc. now owns 51,039 shares of the company's stock worth $3,852,000 after acquiring an additional 19,337 shares during the last quarter. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Performance

Shares of ATGE traded up $3.75 during mid-day trading on Wednesday, hitting $101.76. 446,043 shares of the company's stock were exchanged, compared to its average volume of 416,807. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock's 50-day simple moving average is $98.17 and its 200-day simple moving average is $85.91.

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, equities research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of Adtalem Global Education 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 transaction, the director now owns 11,659 shares in the company, valued at $1,053,857.01. The trade was a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Donna J. Hrinak sold 4,685 shares of the 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 completion of the transaction, the director now directly owns 12,844 shares of the company's stock, 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. In the last 90 days, insiders sold 16,997 shares of company stock valued at $1,747,608. Company insiders own 2.00% of the company's stock.

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.