Adtalem Global Education Inc. (NYSE:ATGE) Shares Purchased by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. raised its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 14.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,207 shares of the company’s stock after acquiring an additional 12,084 shares during the quarter. Adtalem Global Education makes up 3.3% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 4th largest holding. Peregrine Asset Advisers Inc.’s holdings in Adtalem Global Education were worth $8,831,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ATGE. State Street Corp grew its position in Adtalem Global Education by 1.6% during 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 during the last quarter. Wellington Management Group LLP boosted its stake in Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock worth $75,049,000 after purchasing an additional 6,842 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock worth $18,227,000 after purchasing an additional 7,069 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Adtalem Global Education by 4.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock valued at $7,681,000 after buying an additional 4,246 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Adtalem Global Education by 511.9% in the third quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock valued at $5,950,000 after buying an additional 65,945 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,812 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the sale, the director now directly owns 8,032 shares of the company’s stock, valued at $829,384.32. This represents a 37.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael Betz sold 3,500 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,997 shares of company stock valued at $1,747,608. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ATGE shares. StockNews.com lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Barrington Research boosted their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Adtalem Global Education Price Performance

Shares of ATGE stock opened at $97.66 on Friday. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.15 and a beta of 0.97. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $97.88 and a 200 day moving average price of $85.35.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results 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 net margin of 12.34% and a return on equity of 16.82%. Research analysts expect 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.