Adtalem Global Education Inc. (NYSE:ATGE) is Neumeier Poma Investment Counsel LLC’s 7th Largest Position

Neumeier Poma Investment Counsel LLC lifted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 59.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 405,530 shares of the company’s stock after buying an additional 150,835 shares during the period. Adtalem Global Education makes up approximately 3.6% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 7th largest holding. Neumeier Poma Investment Counsel LLC owned about 1.09% of Adtalem Global Education worth $36,842,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC bought a new stake in Adtalem Global Education during the 3rd quarter valued at $828,000. Intech Investment Management LLC increased its position in shares of Adtalem Global Education by 94.3% in the third quarter. Intech Investment Management LLC now owns 18,043 shares of the company’s stock valued at $1,362,000 after acquiring an additional 8,759 shares during the period. Citigroup Inc. raised its stake in shares of Adtalem Global Education by 61.0% during the third quarter. Citigroup Inc. now owns 51,039 shares of the company’s stock valued at $3,852,000 after acquiring an additional 19,337 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Adtalem Global Education by 19.1% during the third quarter. Cerity Partners LLC now owns 6,895 shares of the company’s stock worth $520,000 after purchasing an additional 1,105 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Adtalem Global Education during the third quarter worth about $123,000. Institutional investors own 98.84% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $509,165.80. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business’s 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 directly owns 16,881 shares in the company, valued at $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 sold a total of 12,997 shares of company stock worth $1,386,048 in the last three months. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on ATGE. Barrington Research upped their price target on Adtalem Global Education from $115.00 to $120.00 and gave the company 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 report on Tuesday, March 18th. Finally, BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd.

Adtalem Global Education Stock Down 0.6 %

ATGE stock opened at $101.32 on Thursday. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The business’s 50 day moving average price is $100.62 and its two-hundred day moving average price is $89.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current 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%. As a group, analysts forecast 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.