State of New Jersey Common Pension Fund D Buys New Stake in Adtalem Global Education Inc. (NYSE:ATGE)

State of New Jersey Common Pension Fund D bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE) during the second quarter, HoldingsChannel reports. The institutional investor bought 28,866 shares of the company’s stock, valued at approximately $1,969,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Adtalem Global Education during the 4th quarter worth $9,656,000. Corient Private Wealth LLC lifted its stake in shares of Adtalem Global Education by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 100,798 shares of the company’s stock worth $5,942,000 after purchasing an additional 740 shares during the period. Aigen Investment Management LP purchased a new position in shares of Adtalem Global Education during the 4th quarter worth $266,000. Allianz Asset Management GmbH lifted its stake in shares of Adtalem Global Education by 5.3% during the 4th quarter. Allianz Asset Management GmbH now owns 186,466 shares of the company’s stock worth $10,992,000 after purchasing an additional 9,373 shares during the period. Finally, TFO Wealth Partners LLC lifted its stake in shares of Adtalem Global Education by 62,266.7% during the 4th quarter. TFO Wealth Partners LLC now owns 1,871 shares of the company’s stock worth $1,100,000 after purchasing an additional 1,868 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Trading Up 0.4 %

ATGE stock opened at $75.30 on Friday. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 0.83 and a beta of 0.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $74.52 and a 200-day simple moving average of $63.89. Adtalem Global Education Inc. has a 52 week low of $41.89 and a 52 week high of $80.18.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. The business had revenue of $409.91 million during the quarter, compared to the consensus estimate of $398.64 million. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts expect that Adtalem Global Education Inc. will post 5.72 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ATGE shares. Barrington Research reissued an “outperform” rating and set a $90.00 price target on shares of Adtalem Global Education in a research note on Thursday, August 29th. BMO Capital Markets upped their price objective on Adtalem Global Education from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th.

Insider Activity at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 24,637 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the sale, the director now directly owns 105,085 shares in the company, valued at approximately $7,944,426. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the completion of the sale, the director now directly owns 94,804 shares in the company, valued at $6,779,434.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell sold 24,637 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the sale, the director now owns 105,085 shares of the company’s stock, valued at $7,944,426. The disclosure for this sale can be found here. In the last three months, insiders sold 148,440 shares of company stock worth $10,889,450. Corporate insiders own 2.20% 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.