Renaissance Technologies LLC Boosts Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Renaissance Technologies LLC increased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 34.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,800 shares of the company’s stock after buying an additional 47,700 shares during the period. Renaissance Technologies LLC owned about 0.50% of Adtalem Global Education worth $12,742,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. TradeLink Capital LLC purchased a new stake in shares of Adtalem Global Education during the second quarter worth $522,000. American Century Companies Inc. increased its holdings in Adtalem Global Education by 5.3% during the 2nd quarter. American Century Companies Inc. now owns 71,916 shares of the company’s stock worth $4,905,000 after purchasing an additional 3,638 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in Adtalem Global Education in the 2nd quarter valued at about $1,969,000. Texas Permanent School Fund Corp boosted its stake in shares of Adtalem Global Education by 12.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 38,614 shares of the company’s stock valued at $2,634,000 after buying an additional 4,317 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Adtalem Global Education during the second quarter worth about $354,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE opened at $75.30 on Monday. The company has a market cap of $2.83 billion, a P/E ratio of 28.31, a PEG ratio of 0.83 and a beta of 0.95. The company has a 50-day moving average price of $74.52 and a 200 day moving average price of $64.00. Adtalem Global Education Inc. has a 52 week low of $41.89 and a 52 week high of $80.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. The firm had revenue of $409.91 million for the quarter, compared to analyst estimates of $398.64 million. Adtalem Global Education had a return on equity of 14.84% and a net margin of 8.63%. Adtalem Global Education’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Research analysts predict that Adtalem Global Education Inc. will post 5.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

ATGE has been the topic of several analyst reports. StockNews.com raised shares of Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Adtalem Global Education in a research report on Thursday, August 29th. Finally, BMO Capital Markets increased their target price on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a report on Thursday, August 8th.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 67,330 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total transaction of $4,814,768.30. Following the sale, the director now owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Adtalem Global Education news, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total transaction of $71,177.60. Following the sale, the chief accounting officer now owns 4,720 shares in the company, valued at approximately $355,888. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lisa W. Wardell sold 67,330 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $71.51, for a total value of $4,814,768.30. Following the transaction, the director now directly owns 94,804 shares of the company’s stock, valued at approximately $6,779,434.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,440 shares of company stock worth $10,889,450. 2.20% of the stock is owned by company insiders.

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.