Norges Bank Buys New Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Norges Bank acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,802 shares of the company's stock, valued at approximately $11,157,000. Norges Bank owned approximately 0.33% of Adtalem Global Education at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ATGE. USA Financial Formulas acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $26,000. R Squared Ltd purchased a new position in Adtalem Global Education during the 4th quarter worth $70,000. Parkside Financial Bank & Trust increased its stake in Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after purchasing an additional 776 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Adtalem Global Education by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after buying an additional 634 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Performance

NYSE:ATGE traded up $0.98 during mid-day trading on Friday, reaching $103.76. The stock had a trading volume of 308,840 shares, compared to its average volume of 432,336. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.44. The business has a 50 day simple moving average of $101.00 and a 200 day simple moving average of $92.03. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now directly owns 8,032 shares of the company's stock, valued at $829,384.32. This trade represents a 37.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several recent research reports. 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 report on Friday, January 31st. BMO Capital Markets boosted their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

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.