NDVR Inc. acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,324 shares of the company's stock, valued at approximately $211,000.
Several other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Adtalem Global Education by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,339 shares of the company's stock worth $1,939,000 after purchasing an additional 806 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Adtalem Global Education by 100.2% during the 4th quarter. Lazard Asset Management LLC now owns 47,201 shares of the company's stock worth $4,287,000 after buying an additional 23,626 shares during the period. Gotham Asset Management LLC lifted its position in shares of Adtalem Global Education by 15.5% during the 4th quarter. Gotham Asset Management LLC now owns 15,646 shares of the company's stock worth $1,421,000 after buying an additional 2,094 shares during the period. Focus Partners Wealth bought a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $492,000. Finally, Deutsche Bank AG lifted its position in shares of Adtalem Global Education by 19.7% during the 4th quarter. Deutsche Bank AG now owns 67,054 shares of the company's stock worth $6,092,000 after buying an additional 11,054 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.
Analyst Ratings Changes
Several research firms recently commented on ATGE. Jefferies Financial Group began coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research raised their target price on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, BMO Capital Markets raised their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th.
Check Out Our Latest Stock Report on Adtalem Global Education
Adtalem Global Education Price Performance
ATGE traded up $4.24 during trading on Friday, hitting $134.64. The company's stock had a trading volume of 623,664 shares, compared to its average volume of 449,802. The firm's 50 day moving average price is $106.95 and its two-hundred day moving average price is $98.78. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 12 month low of $62.28 and a 12 month high of $140.12. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The firm had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter in the previous year, the company posted $1.50 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. Sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.
Adtalem Global Education declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Adtalem Global Education Profile
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Free Report)
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.
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