Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 200.5% in the 4th quarter, HoldingsChannel reports. The firm owned 55,360 shares of the company’s stock after purchasing an additional 36,937 shares during the period. Russell Investments Group Ltd.’s holdings in Adtalem Global Education were worth $5,029,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. acquired a new position in shares of Adtalem Global Education during the fourth quarter worth about $234,000. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Adtalem Global Education by 2.9% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 33,995 shares of the company’s stock worth $3,088,000 after acquiring an additional 956 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Adtalem Global Education by 20.0% in the 4th quarter. Wells Fargo & Company MN now owns 66,846 shares of the company’s stock valued at $6,073,000 after purchasing an additional 11,123 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of Adtalem Global Education in the 4th quarter valued at $1,366,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Adtalem Global Education during the 4th quarter worth $6,863,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Activity at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were 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 in the company, valued at $1,832,770.17. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 in the last 90 days. 2.00% of the stock is owned by insiders.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $104.28 on Tuesday. The company has a fifty day moving average of $100.88 and a two-hundred day moving average of $92.36. The company has a market capitalization of $3.89 billion, a PE ratio of 19.42, a P/E/G ratio of 1.05 and a beta of 0.91. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. 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 (NYSE:ATGE) last released its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ATGE shares. Barrington Research raised 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. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, BMO Capital Markets upped their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

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.