Assenagon Asset Management S.A. Buys 8,517 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Assenagon Asset Management S.A. lifted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 29.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,917 shares of the company's stock after purchasing an additional 8,517 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Adtalem Global Education worth $3,816,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ATGE. Vontobel Holding Ltd. bought a new position in Adtalem Global Education in the 4th quarter worth $218,000. New York State Teachers Retirement System increased its position in shares of Adtalem Global Education by 5.2% during the fourth quarter. New York State Teachers Retirement System now owns 56,986 shares of the company's stock valued at $5,177,000 after buying an additional 2,832 shares during the period. Principal Financial Group Inc. raised its stake in Adtalem Global Education by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock worth $18,227,000 after buying an additional 7,069 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Adtalem Global Education by 11.7% in the fourth quarter. Sanctuary Advisors LLC now owns 24,116 shares of the company's stock worth $2,191,000 after buying an additional 2,529 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock valued at $763,000 after acquiring an additional 200 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Insider Buying and Selling 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 transaction of $294,049.85. Following the sale, the director now directly owns 9,368 shares in the company, valued at approximately $1,202,382.80. This trade represents a 19.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

Adtalem Global Education Stock Up 1.2%

ATGE stock traded up $1.50 on Thursday, reaching $124.41. 423,817 shares of the company traded hands, compared to its average volume of 460,263. The firm has a fifty day simple moving average of $119.44 and a 200-day simple moving average of $105.09. The company has a market cap of $4.64 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.26 and a beta of 0.92. Adtalem Global Education Inc. has a one year low of $63.24 and a one year high of $140.12. 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 (NYSE:ATGE - Get Free Report) last released its 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. The firm had revenue of $466.06 million for the quarter, compared to analysts' expectations of $447.19 million. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. The company's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 earnings per share. Research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its Board of Directors has authorized a share buyback program on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

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

Adtalem Global Education 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.