2,577 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. bought a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,577 shares of the company's stock, valued at approximately $234,000.

Other hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Adtalem Global Education in the fourth quarter valued at $26,000. R Squared Ltd bought a new position in Adtalem Global Education in the fourth quarter worth about $70,000. Parkside Financial Bank & Trust increased its holdings in shares of Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after purchasing an additional 776 shares during the period. Smartleaf Asset Management LLC increased its stake in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake 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 acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Buying and Selling at Adtalem Global Education

In other news, Director Donna J. Hrinak sold 4,812 shares of Adtalem Global Education stock in a transaction 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ATGE. Barrington Research raised their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday. StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. BMO Capital Markets lifted 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. Finally, Jefferies Financial Group started coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company.

Adtalem Global Education Trading Down 4.2%

Shares of Adtalem Global Education stock traded down $5.77 during trading on Monday, hitting $130.48. The company's stock had a trading volume of 645,799 shares, compared to its average volume of 446,833. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth 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 $144.25. The stock has a 50-day moving average price of $103.25 and a two-hundred day moving average price of $97.13. 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 (NYSE:ATGE - Get Free Report) last issued 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 return on equity of 16.82% and a net margin of 12.34%. The business had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same period in the previous year, the company posted $1.50 earnings per share. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. Equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has approved a stock repurchase plan on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

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.