3,055 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Bought by Diversified Trust Co

Diversified Trust Co acquired a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,055 shares of the company's stock, valued at approximately $307,000.

Several other large investors have also modified their holdings of the stock. Fifth Third Bancorp raised its holdings in Adtalem Global Education by 56.8% in the first 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 position in Adtalem Global Education in the first quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its holdings in 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 raised its holdings in 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 raised its holdings in Adtalem Global Education by 214.9% in the first quarter. USA Financial Formulas now owns 888 shares of the company's stock valued at $89,000 after buying an additional 606 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Up 0.9%

NYSE:ATGE traded up $1.09 during trading hours on Friday, hitting $122.92. The stock had a trading volume of 287,275 shares, compared to its average volume of 446,668. 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 $66.90 and a 1-year high of $140.12. The business has a 50 day simple moving average of $124.41 and a two-hundred day simple moving average of $108.13. The company has a market cap of $4.58 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The company had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter last year, the company earned $1.50 earnings per share. Adtalem Global Education's revenue for the quarter was up 12.9% on a year-over-year basis. Analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group assumed 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. Wall Street Zen lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Barrington Research raised their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, BMO Capital Markets raised their price target 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.

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 that occurred 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 completion of the sale, the director owned 9,368 shares of the company's stock, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is 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.