Adtalem Global Education Inc. (NYSE:ATGE) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 100.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,201 shares of the company's stock after acquiring an additional 23,626 shares during the quarter. Lazard Asset Management LLC owned about 0.13% of Adtalem Global Education worth $4,287,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ATGE. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education in the fourth quarter valued at about $26,000. R Squared Ltd acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth about $70,000. Parkside Financial Bank & Trust boosted its stake in shares of Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after buying an additional 776 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after buying an additional 634 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in shares of Adtalem Global Education by 774.8% during the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after buying an additional 860 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on ATGE. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. 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 note on Friday, May 9th. Finally, StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

Adtalem Global Education Trading Up 0.5%

Shares of Adtalem Global Education stock opened at $130.32 on Friday. Adtalem Global Education Inc. has a 52-week low of $62.28 and a 52-week high of $140.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company's 50-day simple moving average is $106.14 and its 200-day simple moving average is $98.37. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 24.27, 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 results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The business had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. During the same period in the previous year, the business posted $1.50 earnings per share. The business's revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its board has approved a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.

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