Teacher Retirement System of Texas Boosts Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Teacher Retirement System of Texas grew its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 62.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,407 shares of the company’s stock after purchasing an additional 29,860 shares during the period. Teacher Retirement System of Texas owned approximately 0.21% of Adtalem Global Education worth $7,790,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ATGE. Fifth Third Bancorp boosted its position in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Adtalem Global Education during the 1st quarter worth $31,000. Smartleaf Asset Management LLC boosted its position in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company’s stock worth $86,000 after purchasing an additional 634 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Adtalem Global Education by 774.8% during the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company’s stock worth $88,000 after purchasing an additional 860 shares in the last quarter. Finally, USA Financial Formulas boosted its position in shares of Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company’s stock worth $89,000 after buying an additional 606 shares in the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director William W. Burke sold 2,291 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the transaction, the director owned 9,368 shares of the company’s stock, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Trading Up 0.9%

Shares of ATGE stock opened at $122.92 on Friday. The firm has a 50-day moving average price of $124.41 and a 200 day moving average price of $108.13. Adtalem Global Education Inc. has a twelve month low of $66.90 and a twelve month high of $140.12. The company has a market capitalization of $4.58 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.10 and a beta of 0.90. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE) last announced its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The firm had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter in the previous year, the company posted $1.50 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. Research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its board has approved a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently commented on ATGE. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Barrington Research boosted their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, May 9th. Finally, Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th.

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.