Adtalem Global Education Inc. (NYSE:ATGE) Shares Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. raised its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 609,428 shares of the company's stock after purchasing an additional 99,491 shares during the quarter. Alyeska Investment Group L.P. owned 1.64% of Adtalem Global Education worth $55,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ATGE. AXA S.A. bought a new stake in shares of Adtalem Global Education in the 4th quarter worth about $1,926,000. Gallagher Fiduciary Advisors LLC lifted its stake in Adtalem Global Education by 18.5% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,589 shares of the company's stock worth $508,000 after purchasing an additional 873 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Adtalem Global Education by 15.7% during the fourth quarter. Jane Street Group LLC now owns 129,732 shares of the company's stock valued at $11,786,000 after buying an additional 17,579 shares during the period. Triumph Capital Management bought a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $333,000. Finally, Comerica Bank raised its holdings in shares of Adtalem Global Education by 13.0% in the fourth quarter. Comerica Bank now owns 45,904 shares of the company's stock worth $4,170,000 after buying an additional 5,298 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Performance

ATGE stock traded up $18.28 during midday trading on Friday, hitting $134.16. 1,154,591 shares of the stock traded hands, compared to its average volume of 442,529. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a 1-year low of $62.28 and a 1-year high of $134.58. The stock's fifty day simple moving average is $102.50 and its 200-day simple moving average is $96.36. The firm has a market cap of $5.00 billion, a P/E ratio of 24.98, a PEG ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. During the same quarter last year, the firm posted $1.50 EPS. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. On average, analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its board has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity

In related news, Director Donna J. Hrinak sold 4,812 shares of the company's stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets upped their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Barrington Research raised 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. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group initiated coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective on the stock.

Adtalem Global Education Company 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.