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

Forum Financial Management LP purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,450 shares of the company's stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after buying an additional 104 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of Adtalem Global Education in the 1st quarter worth $31,000. Sterling Capital Management LLC increased its stake in shares of 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. USA Financial Formulas increased its stake in shares of Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after purchasing an additional 231 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATGE. Jefferies Financial Group began coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company. Barrington Research upped their price objective on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Finally, BMO Capital Markets upped their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th.

Adtalem Global Education Price Performance

ATGE stock traded up $0.19 during trading on Friday, reaching $116.77. The company's stock had a trading volume of 355,243 shares, compared to its average volume of 443,443. Adtalem Global Education Inc. has a 1 year low of $67.30 and a 1 year 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 company has a market capitalization of $4.35 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.05 and a beta of 0.90. The company's fifty day moving average is $125.36 and its 200-day moving average is $110.09.

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, topping analysts' consensus estimates of $1.63 by $0.29. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. The business had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. During the same quarter in the prior year, the business posted $1.50 EPS. Adtalem Global Education's revenue for the quarter was up 12.9% compared to the same quarter last year. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Transactions at Adtalem Global Education

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

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.