Balyasny Asset Management L.P. Has $11.83 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Balyasny Asset Management L.P. boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 799.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 130,176 shares of the company's stock after acquiring an additional 115,699 shares during the quarter. Balyasny Asset Management L.P. owned 0.35% of Adtalem Global Education worth $11,826,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Adtalem Global Education by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock worth $417,305,000 after acquiring an additional 82,931 shares during the period. Capital World Investors lifted its holdings in shares of Adtalem Global Education by 5.2% during the 4th quarter. Capital World Investors now owns 1,016,441 shares of the company's stock valued at $92,344,000 after buying an additional 50,000 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adtalem Global Education by 0.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock valued at $61,713,000 after buying an additional 3,908 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Adtalem Global Education by 19.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock valued at $55,367,000 after buying an additional 99,491 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Adtalem Global Education by 4.9% in the 4th quarter. Northern Trust Corp now owns 474,224 shares of the company's stock worth $43,083,000 after purchasing an additional 22,084 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction that occurred on 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 owns 8,032 shares of the company's stock, valued at approximately $829,384.32. This trade represents a 37.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

ATGE has been the subject of a number of research analyst reports. Barrington Research upped their price target on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday. BMO Capital Markets upped their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday. 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 target for the company. Finally, StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.

Adtalem Global Education Trading Down 3.4%

Adtalem Global Education stock traded down $4.59 during mid-day trading on Monday, hitting $131.66. The stock had a trading volume of 1,073,201 shares, compared to its average volume of 448,449. 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 12 month low of $62.28 and a 12 month high of $144.25. The stock has a market capitalization of $4.91 billion, a PE ratio of 24.52, a P/E/G ratio of 1.05 and a beta of 0.86. The stock has a 50-day simple moving average of $103.25 and a two-hundred day simple moving average of $97.13.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its 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 return on equity of 16.82% and a net margin of 12.34%. The firm had revenue of $466.06 million for the quarter, compared to analysts' expectations of $447.19 million. During the same quarter last year, the business earned $1.50 earnings per share. The company's revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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 shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership 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.