Renaissance Technologies LLC Has $28.87 Million Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Renaissance Technologies LLC lifted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 21.9% in the fourth quarter, HoldingsChannel reports. The firm owned 317,800 shares of the company’s stock after purchasing an additional 57,000 shares during the period. Renaissance Technologies LLC’s holdings in Adtalem Global Education were worth $28,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ATGE. Arizona State Retirement System grew its position 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 in the last quarter. Bailard Inc. acquired a new stake in shares of Adtalem Global Education in the fourth quarter worth $379,000. Smith Group Asset Management LLC purchased a new position in shares of Adtalem Global Education during the fourth quarter valued at $614,000. Y Intercept Hong Kong Ltd acquired a new position in Adtalem Global Education during the fourth quarter valued at $272,000. Finally, State Street Corp lifted its stake in Adtalem Global Education by 1.6% in the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company’s stock worth $115,163,000 after acquiring an additional 23,464 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Adtalem Global Education Stock Up 0.9 %

ATGE opened at $103.76 on Friday. The company has a market capitalization of $3.87 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. 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 Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The business has a 50-day moving average of $101.00 and a 200-day moving average of $92.03.

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

Wall Street Analysts Forecast Growth

ATGE has been the topic of several research analyst reports. StockNews.com cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Barrington Research upped their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Insider Buying and Selling at Adtalem Global Education

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

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.