Tower Research Capital LLC TRC Acquires 3,825 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Tower Research Capital LLC TRC grew its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 106.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,425 shares of the company’s stock after purchasing an additional 3,825 shares during the period. Tower Research Capital LLC TRC’s holdings in Adtalem Global Education were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Arizona State Retirement System increased its holdings in Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after purchasing an additional 110 shares during the period. US Bancorp DE increased its stake in shares of Adtalem Global Education by 4.8% during the fourth quarter. US Bancorp DE now owns 3,285 shares of the company’s stock valued at $298,000 after buying an additional 151 shares during the period. GAMMA Investing LLC raised its holdings in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock valued at $133,000 after acquiring an additional 177 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Adtalem Global Education by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company’s stock worth $356,000 after acquiring an additional 194 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock worth $763,000 after acquiring an additional 200 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of the stock in a transaction dated 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. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,997 shares of company stock valued at $1,386,048. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $105.46 on Monday. Adtalem Global Education Inc. has a 12 month low of $48.94 and a 12 month high of $112.44. The stock has a fifty day moving average price of $100.66 and a 200-day moving average price of $94.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.93 billion, a PE ratio of 19.64, a P/E/G ratio of 1.05 and a beta of 0.91.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, topping 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%. Equities research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ATGE shares. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Jefferies Financial Group began coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 target price on the stock. BMO Capital Markets boosted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Barrington Research reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $110.00.

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.