Alyeska Investment Group L.P. Has $55.37 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

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

A number of other large investors have also recently bought and sold shares of ATGE. Boston Partners acquired a new position in Adtalem Global Education during the 4th quarter valued at about $35,990,000. Neumeier Poma Investment Counsel LLC raised its stake in Adtalem Global Education by 59.2% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock valued at $36,842,000 after acquiring an additional 150,835 shares in the last quarter. Norges Bank bought a new stake in shares of Adtalem Global Education during the fourth quarter valued at about $11,157,000. Pier Capital LLC acquired a new position in shares of Adtalem Global Education during the fourth quarter valued at approximately $9,114,000. Finally, Corient Private Wealth LLC increased its stake in shares of Adtalem Global Education by 1,907.5% during the fourth quarter. Corient Private Wealth LLC now owns 96,077 shares of the company's stock valued at $8,729,000 after acquiring an additional 91,291 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

NYSE ATGE traded up $1.92 on Wednesday, reaching $114.73. The company's stock had a trading volume of 661,479 shares, compared to its average volume of 438,145. The firm has a market cap of $4.28 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. 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 52 week low of $61.65 and a 52 week high of $116.41. The business has a 50-day moving average price of $101.91 and a 200 day moving average price of $95.92.

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

Insider Transactions at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Barrington Research reissued an "outperform" rating and set a $120.00 price objective on shares of Adtalem Global Education in a research report on Tuesday, April 15th. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd.

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.