Vestcor Inc Makes New Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Vestcor Inc bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,338 shares of the company’s stock, valued at approximately $394,000.

Several other hedge funds also recently made changes to their positions in ATGE. USA Financial Formulas acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Adtalem Global Education during the 3rd quarter worth $27,000. R Squared Ltd bought a new position in shares of Adtalem Global Education in the fourth quarter worth $70,000. Parkside Financial Bank & Trust raised 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares during the period. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Stock Performance

NYSE ATGE opened at $97.25 on Tuesday. The firm’s fifty day moving average price is $99.86 and its two-hundred day moving average price is $88.18. The stock has a market cap of $3.62 billion, a PE ratio of 18.11, a PEG ratio of 1.05 and a beta of 0.95. 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 Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share 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%. On average, equities analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Insider Activity

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company’s stock, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 over the last quarter. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Barrington Research upped their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note 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.