Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in 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 & Exchange Commission. The firm owned 37,917 shares of the company's stock after acquiring an additional 8,517 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Adtalem Global Education worth $3,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new position in shares of Adtalem Global Education in the 1st quarter worth approximately $31,000. Parkside Financial Bank & Trust raised its stake in Adtalem Global Education by 4,850.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after buying an additional 776 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after buying an additional 634 shares during the period. Sterling Capital Management LLC boosted its position 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 last quarter. Finally, Federated Hermes Inc. grew its position in Adtalem Global Education by 18.2% during the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after purchasing an additional 231 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Down 0.4%

Adtalem Global Education stock traded down $0.45 during mid-day trading on Tuesday, reaching $122.86. 318,520 shares of the company's stock were exchanged, compared to its average volume of 459,099. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a twelve month low of $62.70 and a twelve month high of $140.12. The company has a market cap of $4.58 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.26 and a beta of 0.92. The company has a fifty day moving average of $118.75 and a 200-day moving average of $104.83.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. During the same period last year, the business posted $1.50 earnings per share. Adtalem Global Education's revenue was up 12.9% compared to the same quarter last year. Sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has authorized 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 reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 9,368 shares in the company, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

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