Neumeier Poma Investment Counsel LLC Grows Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Neumeier Poma Investment Counsel LLC grew its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 59.2% in the fourth quarter, Holdings Channel reports. The firm owned 405,530 shares of the company’s stock after buying an additional 150,835 shares during the quarter. Adtalem Global Education accounts for about 3.6% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 7th biggest position. Neumeier Poma Investment Counsel LLC’s holdings in Adtalem Global Education were worth $36,842,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System lifted its position in Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock valued at $994,000 after purchasing an additional 110 shares during the period. Edgestream Partners L.P. purchased a new stake in Adtalem Global Education during the 3rd quarter valued at $2,314,000. Bailard Inc. bought a new position in shares of Adtalem Global Education during the 4th quarter valued at $379,000. Smith Group Asset Management LLC purchased a new position in shares of Adtalem Global Education in the 4th quarter worth $614,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Adtalem Global Education in the fourth quarter worth $272,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock opened at $101.32 on Thursday. The stock has a market cap of $3.78 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s fifty day moving average is $100.62 and its 200 day moving average is $89.37. Adtalem Global Education Inc. has a one year low of $45.18 and a one year high of $112.44.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, January 30th. The company reported $1.81 EPS 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%. Sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the stock in a transaction on 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 owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.68, for a total value of $509,165.80. Following the sale, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,997 shares of company stock valued at $1,386,048 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ATGE. Barrington Research increased their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, January 31st. BMO Capital Markets increased their price objective 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, StockNews.com 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 Company 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.