D. E. Shaw & Co. Inc. Sells 63,302 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 38.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,944 shares of the company's stock after selling 63,302 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.27% of Adtalem Global Education worth $9,262,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ATGE. Barclays PLC grew its position in shares of Adtalem Global Education by 12.1% during the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after buying an additional 7,172 shares during the period. Tidal Investments LLC acquired a new position in Adtalem Global Education during the third quarter valued at approximately $201,000. Franklin Resources Inc. grew its holdings in Adtalem Global Education by 11.7% during the third quarter. Franklin Resources Inc. now owns 12,138 shares of the company's stock valued at $910,000 after purchasing an additional 1,267 shares during the period. USA Financial Formulas acquired a new position in Adtalem Global Education during the fourth quarter valued at approximately $26,000. Finally, Ritholtz Wealth Management grew its holdings in Adtalem Global Education by 1.6% during the fourth quarter. Ritholtz Wealth Management now owns 21,247 shares of the company's stock valued at $1,930,000 after purchasing an additional 329 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Stock Up 3.2%

ATGE traded up $4.24 during trading on Friday, reaching $134.64. The company had a trading volume of 623,664 shares, compared to its average volume of 450,571. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a 12 month low of $62.28 and a 12 month high of $140.12. The business's fifty day moving average price is $106.95 and its 200 day moving average price is $98.90. The company has a market cap of $5.02 billion, a P/E ratio of 25.07, a PEG ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results 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. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The firm had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. During the same quarter in the previous year, the firm posted $1.50 earnings per share. The business's revenue was up 12.9% on a year-over-year basis. Equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATGE. BMO Capital Markets boosted their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective for the company. StockNews.com cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Barrington Research boosted their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th.

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.