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

Boston Partners bought a new position in Adtalem Global Education Inc. (NYSE:ATGE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 390,950 shares of the company’s stock, valued at approximately $35,990,000. Boston Partners owned 1.05% of Adtalem Global Education as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arizona State Retirement System grew its position in shares of 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 buying an additional 110 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Adtalem Global Education by 4.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock worth $231,000 after buying an additional 126 shares in the last quarter. US Bancorp DE grew its position in shares of Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Adtalem Global Education by 13.8% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after buying an additional 177 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock worth $994,000 after buying an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Insiders Place Their Bets

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,685 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.68, for a total value of $509,165.80. Following the completion of the sale, the director now owns 12,844 shares of the company’s stock, valued at approximately $1,395,885.92. This trade represents a 26.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Betz sold 3,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,997 shares of company stock valued at $1,386,048. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATGE. Barrington Research increased their price target on Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets raised 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.

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $99.67 on Thursday. Adtalem Global Education Inc. has a 1-year low of $45.18 and a 1-year high of $112.44. The stock’s 50-day moving average is $100.01 and its 200 day moving average is $88.40. The company 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. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

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%. Research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal 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.