Pier Capital LLC Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

Pier Capital LLC bought a new position in Adtalem Global Education Inc. (NYSE:ATGE) in the fourth quarter, HoldingsChannel reports. The firm bought 100,315 shares of the company’s stock, valued at approximately $9,114,000. Adtalem Global Education accounts for 1.3% of Pier Capital LLC’s holdings, making the stock its 27th largest holding.

Several other large investors have also recently modified their holdings of the stock. USA Financial Formulas bought a new position in Adtalem Global Education during the 4th quarter valued at about $26,000. R Squared Ltd purchased a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $70,000. Parkside Financial Bank & Trust grew its stake in shares of 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 buying an additional 776 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Adtalem Global Education by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after buying an additional 634 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education during the 3rd quarter worth approximately $123,000. Institutional investors own 98.84% of the company’s stock.

Insider Activity

In related news, Director Donna J. Hrinak sold 4,685 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the sale, the director now directly owns 12,844 shares in the company, valued at $1,395,885.92. This represents a 26.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. This trade represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,997 shares of company stock worth $1,386,048. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on ATGE shares. BMO Capital Markets upped their price objective 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. Barrington Research upped their price target on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

Adtalem Global Education Trading Up 4.6 %

ATGE opened at $103.31 on Tuesday. 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 stock’s fifty day moving average is $100.42 and its two-hundred day moving average is $89.06. The company has a market capitalization of $3.85 billion, a P/E ratio of 19.24, a PEG ratio of 1.05 and a beta of 0.95. Adtalem Global Education Inc. has a 52 week low of $45.18 and a 52 week high of $112.44.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results 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 forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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.