Point72 Asset Management L.P. Has $7.44 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Point72 Asset Management L.P. lifted its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 480.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,900 shares of the company's stock after purchasing an additional 67,800 shares during the period. Point72 Asset Management L.P. owned 0.22% of Adtalem Global Education worth $7,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC raised its stake in shares of Adtalem Global Education by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 11,298 shares of the company's stock worth $1,026,000 after purchasing an additional 3,473 shares in the last quarter. Quantinno Capital Management LP raised 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 purchasing an additional 165 shares in the last quarter. Nomura Holdings Inc. raised its stake in shares of Adtalem Global Education by 19.6% during the 4th quarter. Nomura Holdings Inc. now owns 226,317 shares of the company's stock worth $20,561,000 after purchasing an additional 37,068 shares in the last quarter. NDVR Inc. bought a new stake in shares of Adtalem Global Education during the 4th quarter worth approximately $211,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Adtalem Global Education by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,339 shares of the company's stock worth $1,939,000 after purchasing an additional 806 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Performance

ATGE traded up $0.24 during trading hours on Friday, reaching $128.70. The company's stock had a trading volume of 675,719 shares, compared to its average volume of 453,932. Adtalem Global Education Inc. has a 52 week low of $62.28 and a 52 week high of $140.12. The company's 50-day moving average is $110.48 and its 200-day moving average is $100.66. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $4.80 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. The business 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 16.82% and a net margin of 12.34%. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 EPS. On average, equities analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education declared that its board has authorized a stock repurchase program on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATGE. Wall Street Zen cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. BMO Capital Markets increased their price target on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock. Finally, Barrington Research increased 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.

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.