Smith Group Asset Management LLC Invests $614,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Smith Group Asset Management LLC purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,759 shares of the company’s stock, valued at approximately $614,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Adtalem Global Education in the third quarter valued at approximately $2,314,000. State Street Corp increased its position in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares during the period. Marshall Wace LLP acquired a new stake in Adtalem Global Education during the 2nd quarter worth about $1,530,000. Finally, Peregrine Asset Advisers Inc. increased its holdings in Adtalem Global Education by 33.5% in the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock worth $6,425,000 after purchasing an additional 21,373 shares in the last quarter. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In other Adtalem Global Education news, Director William W. Burke sold 4,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $90.39, for a total value of $361,560.00. Following the transaction, the director now directly owns 11,659 shares in the company, valued at $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barrington Research lifted their price target on shares of Adtalem Global Education from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on Adtalem Global Education from $84.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $97.99 on Wednesday. The firm has a market capitalization of $3.67 billion, a PE ratio of 22.42, a P/E/G ratio of 1.13 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $92.47 and a two-hundred day moving average price of $81.95. Adtalem Global Education Inc. has a twelve month low of $43.78 and a twelve month high of $100.54.

Adtalem Global Education (NYSE:ATGE) last issued its earnings results on Tuesday, October 29th. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to the consensus estimate of $397.48 million. Adtalem Global Education had a return on equity of 15.63% and a net margin of 10.55%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. Equities analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current year.

Adtalem Global Education 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.