Ameriprise Financial Inc. cut its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,319 shares of the company's stock after selling 7,678 shares during the quarter. Ameriprise Financial Inc. owned about 0.27% of Adtalem Global Education worth $9,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of ATGE. Barclays PLC lifted its stake in Adtalem Global Education by 12.1% in the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after purchasing an additional 7,172 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Adtalem Global Education by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,575 shares of the company's stock worth $779,000 after purchasing an additional 347 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Adtalem Global Education by 4.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 25,005 shares of the company's stock worth $2,272,000 after purchasing an additional 1,018 shares in the last quarter. KBC Group NV lifted its stake in Adtalem Global Education by 31.9% in the 4th quarter. KBC Group NV now owns 1,654 shares of the company's stock worth $150,000 after purchasing an additional 400 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Adtalem Global Education in the 4th quarter worth $70,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.
Adtalem Global Education Price Performance
Shares of NYSE:ATGE traded up $0.24 during trading on Friday, reaching $128.70. The company had a trading volume of 675,719 shares, compared to its average volume of 453,932. The company has a fifty day moving average of $110.48 and a two-hundred day moving average of $100.59. The stock has a market capitalization of $4.80 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. Adtalem Global Education Inc. has a 12 month low of $62.28 and a 12 month high of $140.12. 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 (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. During the same quarter last year, the firm earned $1.50 EPS. The firm's quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
Adtalem Global Education declared that its board has approved a stock buyback plan 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 plans are often an indication that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. 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 increased their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, 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.
Check Out Our Latest Stock Report on ATGE
Adtalem Global Education Profile
(
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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