State of Wyoming raised its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,447 shares of the company's stock after acquiring an additional 2,980 shares during the quarter. State of Wyoming's holdings in Adtalem Global Education were worth $677,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its stake in shares of Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after buying an additional 110 shares during the last quarter. US Bancorp DE lifted its stake in shares of Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of 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 buying an additional 165 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Adtalem Global Education by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock worth $356,000 after buying an additional 194 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in shares of Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock worth $763,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on ATGE. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set 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 $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, BMO Capital Markets raised their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th.
Check Out Our Latest Stock Analysis on Adtalem Global Education
Adtalem Global Education Price Performance
ATGE stock traded up $0.24 during mid-day trading on Friday, hitting $128.70. The stock had a trading volume of 675,719 shares, compared to its average volume of 453,932. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 52 week low of $62.28 and a 52 week high of $140.12. The firm has a market capitalization of $4.80 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.05 and a beta of 0.86. The firm has a fifty day simple moving average of $110.48 and a 200 day simple moving average of $100.59.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The firm's revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. As a group, research analysts forecast 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 stock repurchase plan on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's management believes its stock is undervalued.
Adtalem Global Education Company Profile
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Free Report)
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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