Diversified Trust Co Makes New $307,000 Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Diversified Trust Co purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,055 shares of the company's stock, valued at approximately $307,000.

Several other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position 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 worth $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Adtalem Global Education in the first quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its stake in shares of Adtalem Global Education by 196.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after buying an additional 634 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Adtalem Global Education by 774.8% in the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after buying an additional 860 shares during the period. Finally, USA Financial Formulas grew its position in Adtalem Global Education by 214.9% during the first quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after buying an additional 606 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on ATGE. Jefferies Financial Group began coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company. Wall Street Zen cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research boosted their price target on Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Finally, BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th.

Insider Buying and Selling at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction that occurred on 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 directly owned 9,368 shares of the company's stock, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

Adtalem Global Education Price Performance

ATGE traded up $1.09 during trading on Thursday, hitting $122.92. 287,275 shares of the stock traded hands, compared to its average volume of 446,230. The business has a 50 day moving average price of $123.69 and a 200 day moving average price of $107.54. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. Adtalem Global Education Inc. has a twelve month low of $66.90 and a twelve month high of $140.12. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.09 and a beta of 0.90.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.92 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 company had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same quarter in the previous year, the firm earned $1.50 EPS. Adtalem Global Education's revenue was up 12.9% on a year-over-year basis. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

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

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.