21,200 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by Axa S.A.

AXA S.A. bought a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,200 shares of the company's stock, valued at approximately $1,926,000. AXA S.A. owned approximately 0.06% of Adtalem Global Education at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Adtalem Global Education during the fourth quarter worth about $26,000. R Squared Ltd acquired a new position in Adtalem Global Education during the 4th quarter valued at approximately $70,000. Parkside Financial Bank & Trust raised its holdings in shares of Adtalem Global Education by 4,850.0% in 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 last quarter. Smartleaf Asset Management LLC lifted 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 grew its holdings 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 valued at $88,000 after buying an additional 860 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the business'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 completion of the transaction, the director now owns 8,032 shares in the company, valued at $829,384.32. The trade was a 37.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in 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 price target on the stock. 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. Barrington Research lifted their price objective on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, BMO Capital Markets increased their target price on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday.

Adtalem Global Education Price Performance

Shares of NYSE:ATGE traded up $1.59 during midday trading on Wednesday, hitting $129.14. The company's stock had a trading volume of 159,435 shares, compared to its average volume of 448,512. The company has a market cap of $4.81 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. Adtalem Global Education Inc. has a 12-month low of $62.28 and a 12-month high of $140.12. The business's 50 day simple moving average is $104.55 and its 200 day simple moving average is $97.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share 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 last year, the company posted $1.50 EPS. The business's revenue was up 12.9% on a year-over-year basis. On average, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

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.