Forum Financial Management LP Takes $247,000 Position in Adtalem Global Education Inc. (NYSE:ATGE)

Forum Financial Management LP acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,450 shares of the company's stock, valued at approximately $247,000.

Several other institutional investors have also recently bought and sold shares of ATGE. Fifth Third Bancorp boosted its stake in shares of Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Xponance Inc. boosted its position in Adtalem Global Education by 5.2% during the 1st quarter. Xponance Inc. now owns 3,040 shares of the company's stock worth $306,000 after buying an additional 151 shares during the period. Vontobel Holding Ltd. grew its holdings in Adtalem Global Education by 6.4% during the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after acquiring an additional 155 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Adtalem Global Education by 5.4% during the 4th quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock worth $293,000 after acquiring an additional 165 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its position in Adtalem Global Education by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock valued at $356,000 after acquiring an additional 194 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Trading Down 1.3%

Shares of ATGE traded down $1.46 during trading hours on Wednesday, hitting $113.19. The company had a trading volume of 55,078 shares, compared to its average volume of 442,185. The firm has a market cap of $4.22 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.04 and a beta of 0.90. Adtalem Global Education Inc. has a 52-week low of $67.30 and a 52-week high of $140.12. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average price is $124.79 and its 200 day moving average price is $110.39.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.50 EPS. On average, research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current 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 reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ATGE. Jefferies Financial Group assumed coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price for the company. BMO Capital Markets lifted 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. Finally, Barrington Research upped their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th.

Insider Activity

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the sale, the director directly owned 9,368 shares in the company, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by company 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.