2,527 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by Measured Wealth Private Client Group LLC

Key Points

• Measured Wealth Private Client Group LLC acquired 2,527 shares of Adtalem Global Education Inc., valued at approximately $254,000, indicating growing investor interest in the company's stock.
• The company's board approved a $150 million stock repurchase program, a sign that they believe the stock is undervalued.
• Adtalem reported earnings per share of $1.66 for the last quarter, exceeding analysts' expectations and marking an 11.5% revenue increase compared to the previous year.

Measured Wealth Private Client Group LLC bought a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 2,527 shares of the company's stock, valued at approximately $254,000.

A number of other large investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after acquiring an additional 104 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Adtalem Global Education by 1.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,880 shares of the company's stock worth $1,196,000 after acquiring an additional 129 shares during the last quarter. US Bancorp DE grew its holdings in Adtalem Global Education by 3.9% in the 1st quarter. US Bancorp DE now owns 3,414 shares of the company's stock worth $344,000 after acquiring an additional 129 shares during the last quarter. Xponance Inc. grew its holdings in Adtalem Global Education by 5.2% in the 1st quarter. Xponance Inc. now owns 3,040 shares of the company's stock worth $306,000 after acquiring an additional 151 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in Adtalem Global Education by 6.4% in 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. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Buying and Selling

In related news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the sale, the director owned 9,368 shares of the company's stock, valued at $1,202,382.80. The trade was a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by insiders.

Adtalem Global Education Trading Up 2.3%

Shares of ATGE opened at $121.99 on Friday. The firm's 50-day moving average price is $120.82 and its 200-day moving average price is $112.17. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.09 and a beta of 0.88. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 1-year low of $68.60 and a 1-year high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.51 by $0.15. The firm had revenue of $457.11 million for the quarter, compared to analyst estimates of $440.93 million. Adtalem Global Education had a net margin of 13.26% and a return on equity of 18.00%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.37 EPS. Sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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

Analysts Set New Price Targets

ATGE has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock. Barrington Research raised their price target on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday. Finally, BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th.

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.

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