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

Illinois Municipal Retirement Fund reduced its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,638 shares of the company’s stock after selling 197 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Adtalem Global Education worth $1,875,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATGE. Leuthold Group LLC acquired a new position in Adtalem Global Education during the fourth quarter valued at approximately $3,095,000. Edgestream Partners L.P. acquired a new position in Adtalem Global Education during the third quarter valued at approximately $2,314,000. Calamos Advisors LLC acquired a new position in Adtalem Global Education during the fourth quarter valued at approximately $2,530,000. State Street Corp grew its stake in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after buying an additional 23,464 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. grew its stake in shares of Adtalem Global Education by 33.5% during the third quarter. Peregrine Asset Advisers Inc. now owns 85,123 shares of the company’s stock worth $6,425,000 after buying an additional 21,373 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

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

Analyst Ratings Changes

A number of research firms have weighed in on ATGE. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Barrington Research boosted 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.

Adtalem Global Education Stock Performance

Shares of ATGE opened at $102.28 on Friday. 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 stock has a market capitalization of $3.81 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.97. The firm’s fifty day simple moving average is $99.02 and its two-hundred day simple moving average is $86.34. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.43.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating 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%. As a group, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS 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.