7,900 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,900 shares of the company's stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Arizona State Retirement System lifted its holdings 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 worth $994,000 after acquiring an additional 110 shares during the last quarter. Bailard Inc. bought a new stake in shares of Adtalem Global Education in the 4th quarter worth approximately $379,000. Edgestream Partners L.P. bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $2,314,000. Smith Group Asset Management LLC acquired a new position in Adtalem Global Education during the 4th quarter valued at approximately $614,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Adtalem Global Education during the 4th quarter worth $272,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

Shares of NYSE:ATGE traded down $2.84 on Friday, hitting $98.08. The company's stock had a trading volume of 794,391 shares, compared to its average volume of 426,748. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The stock's 50-day moving average is $101.02 and its two-hundred day moving average is $90.96. 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 capitalization of $3.65 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. On average, equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Buying and Selling

In other news, insider Michael Betz sold 3,500 shares of the stock in a transaction 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 sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the transaction, the director now 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 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 over the last three months. Company insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ATGE shares. BMO Capital Markets raised their target price 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. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Barrington Research upped 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.

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.