Cubist Systematic Strategies LLC Sells 29,788 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Cubist Systematic Strategies LLC decreased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 25.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 89,000 shares of the company's stock after selling 29,788 shares during the period. Cubist Systematic Strategies LLC owned about 0.24% of Adtalem Global Education worth $8,086,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. USA Financial Formulas bought a new position in Adtalem Global Education during the 4th quarter valued at approximately $26,000. R Squared Ltd bought a new position in shares of Adtalem Global Education during the fourth quarter valued at $70,000. Parkside Financial Bank & Trust raised its position in shares of Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after purchasing an additional 776 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after purchasing an additional 860 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. BMO Capital Markets increased their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday. Jefferies Financial Group assumed coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price for the company. Finally, Barrington Research lifted their price target 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.

Adtalem Global Education Stock Performance

ATGE stock traded down $2.49 during trading on Tuesday, reaching $129.40. The stock had a trading volume of 161,156 shares, compared to its average volume of 447,323. The stock's 50 day moving average is $103.88 and its two-hundred day moving average is $97.55. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market cap of $4.82 billion, a PE ratio of 24.10, a PEG ratio of 1.05 and a beta of 0.86. Adtalem Global Education Inc. has a 52 week low of $62.28 and a 52 week high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted 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. The firm had revenue of $466.06 million for the quarter, compared to analysts' expectations of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The business's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. As a group, equities 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 of Directors has initiated a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Adtalem Global Education 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 $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 through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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.