Cubist Systematic Strategies LLC Decreases Position in Adtalem Global Education Inc. (NYSE:ATGE)

Cubist Systematic Strategies LLC lessened its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 25.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 0.24% of Adtalem Global Education worth $8,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ATGE. Barclays PLC raised its stake in Adtalem Global Education by 12.1% in the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock valued at $5,031,000 after acquiring an additional 7,172 shares during the period. Tidal Investments LLC bought a new stake in shares of Adtalem Global Education in the third quarter valued at approximately $201,000. Franklin Resources Inc. lifted its stake in shares of Adtalem Global Education by 11.7% during the 3rd quarter. Franklin Resources Inc. now owns 12,138 shares of the company's stock valued at $910,000 after buying an additional 1,267 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Adtalem Global Education by 13.8% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after buying an additional 177 shares during the period. Finally, USA Financial Formulas bought a new position in Adtalem Global Education in the 4th quarter worth approximately $26,000. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

NYSE:ATGE traded up $20.40 during trading hours on Friday, hitting $136.28. 1,962,597 shares of the company's stock traded hands, compared to its average volume of 445,939. Adtalem Global Education Inc. has a 52 week low of $62.28 and a 52 week high of $136.40. The business's fifty day simple moving average is $103.25 and its two-hundred day simple moving average is $96.96. 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 firm has a market cap of $5.08 billion, a P/E ratio of 25.38, a P/E/G 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, beating analysts' consensus estimates of $1.63 by $0.29. The firm had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. On average, research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its board has initiated a share repurchase program on Tuesday, May 6th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATGE. Barrington Research increased their target price on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Jefferies Financial Group began coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Finally, BMO Capital Markets increased their price target on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd.

Insider Transactions at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Adtalem Global Education Company 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.