100,315 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Purchased by Pier Capital LLC

Pier Capital LLC bought a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,315 shares of the company's stock, valued at approximately $9,114,000. Adtalem Global Education makes up approximately 1.3% of Pier Capital LLC's holdings, making the stock its 27th largest holding. Pier Capital LLC owned approximately 0.27% of Adtalem Global Education as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATGE. Arizona State Retirement System boosted its stake in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after purchasing an additional 110 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company's stock worth $231,000 after buying an additional 126 shares during the period. US Bancorp DE grew its holdings in shares of Adtalem Global Education by 4.8% during the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after buying an additional 151 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock valued at $133,000 after acquiring an additional 177 shares during the period. Finally, Glenmede Trust Co. NA increased its position in shares of Adtalem Global Education by 1.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock valued at $994,000 after acquiring an additional 192 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

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Adtalem Global Education Stock Performance

NYSE:ATGE traded down $0.90 during mid-day trading on Friday, hitting $101.99. The company's stock had a trading volume of 444,534 shares, compared to its average volume of 425,415. The business's fifty day moving average is $100.80 and its two-hundred day moving average is $89.83. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share (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%. Analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several research analyst reports. BMO Capital Markets boosted their price target 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 Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Barrington Research increased their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, January 31st.

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 value of $379,995.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is owned by company insiders.

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.