Boston Partners Invests $35.99 Million in Adtalem Global Education Inc. (NYSE:ATGE)

Boston Partners acquired a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 390,950 shares of the company’s stock, valued at approximately $35,990,000.

Several other institutional investors have also recently modified their holdings of ATGE. USA Financial Formulas purchased a new position in shares of Adtalem Global Education in the fourth quarter worth about $26,000. Meeder Asset Management Inc. purchased a new position in Adtalem Global Education during the third quarter valued at approximately $27,000. R Squared Ltd purchased a new position in Adtalem Global Education during the fourth quarter valued at approximately $70,000. Parkside Financial Bank & Trust raised its position in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company’s stock valued at $72,000 after acquiring an additional 776 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised 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 valued at $86,000 after acquiring an additional 634 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Up 4.0 %

Shares of ATGE opened at $99.67 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The stock’s 50 day moving average is $100.01 and its two-hundred day moving average is $88.40. The firm has a market cap of $3.71 billion, a P/E ratio of 18.56, a PEG ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATGE has been the subject of several recent research reports. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Barrington Research lifted their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets lifted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction that occurred on 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 directly owns 8,032 shares of the company’s stock, valued at $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, 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. Over the last three months, insiders have sold 12,997 shares of company stock valued at $1,386,048. Company insiders own 2.00% 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.