Illinois Municipal Retirement Fund Has $1.88 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Illinois Municipal Retirement Fund lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,638 shares of the company’s stock after selling 197 shares during the period. Illinois Municipal Retirement Fund’s holdings in Adtalem Global Education were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATGE. USA Financial Formulas acquired a new stake in shares of Adtalem Global Education in the 4th quarter worth about $26,000. Meeder Asset Management Inc. bought a new position in shares of Adtalem Global Education during the 3rd quarter valued at approximately $27,000. R Squared Ltd bought a new position in shares of Adtalem Global Education during the 4th quarter valued at approximately $70,000. Harvest Fund Management Co. Ltd bought a new position in Adtalem Global Education in the 3rd quarter worth approximately $123,000. Finally, GAMMA Investing LLC boosted its holdings in Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ATGE shares. Barrington Research increased their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd.

Adtalem Global Education Stock Up 2.2 %

Shares of Adtalem Global Education stock opened at $102.28 on Friday. Adtalem Global Education Inc. has a twelve month low of $45.18 and a twelve month high of $112.43. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $99.02 and its 200 day moving average is $86.34.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data 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 net margin of 12.34% and a return on equity of 16.82%. Research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insider Activity at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares in the company, valued at $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 owns 16,881 shares of the company’s stock, valued at approximately $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 12,997 shares of company stock worth $1,386,048 in the last 90 days. 2.00% of the stock is owned by corporate 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.