Algert Global LLC Purchases 24,777 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Algert Global LLC increased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 43.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,171 shares of the company's stock after purchasing an additional 24,777 shares during the quarter. Algert Global LLC owned approximately 0.22% of Adtalem Global Education worth $7,374,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Alyeska Investment Group L.P. increased its position in Adtalem Global Education by 19.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock worth $55,367,000 after buying an additional 99,491 shares during the last quarter. AXA S.A. bought a new stake in shares of Adtalem Global Education during the 4th quarter worth about $1,926,000. Gallagher Fiduciary Advisors LLC raised its holdings in Adtalem Global Education by 18.5% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 5,589 shares of the company's stock valued at $508,000 after acquiring an additional 873 shares during the period. Jane Street Group LLC lifted its position in Adtalem Global Education by 15.7% during the fourth quarter. Jane Street Group LLC now owns 129,732 shares of the company's stock worth $11,786,000 after acquiring an additional 17,579 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in shares of Adtalem Global Education in the fourth quarter valued at approximately $333,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Adtalem Global Education stock traded up $20.40 during trading hours on Friday, reaching $136.28. 1,962,597 shares of the stock were exchanged, compared to its average volume of 445,939. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $136.40. The company has a market cap of $5.08 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The stock has a 50 day moving average of $103.25 and a two-hundred day moving average of $96.96.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company's revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. Equities analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its board has initiated a stock buyback plan on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Insider Activity at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ATGE. Jefferies Financial Group began coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target for the company. BMO Capital Markets upped 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. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Barrington Research increased their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday.

Adtalem Global Education 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.