Ameriprise Financial Inc. decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,319 shares of the company's stock after selling 7,678 shares during the period. Ameriprise Financial Inc. owned about 0.27% of Adtalem Global Education worth $9,296,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in shares of Adtalem Global Education by 1.0% in the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after acquiring an additional 110 shares during the last quarter. Bailard Inc. acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $379,000. Smith Group Asset Management LLC acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $614,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $272,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Adtalem Global Education in the 4th quarter valued at $2,368,000. Institutional investors own 98.84% of the company's stock.
Adtalem Global Education Price Performance
Adtalem Global Education stock traded up $0.24 during mid-day trading on Monday, reaching $128.70. The company had a trading volume of 675,719 shares, compared to its average volume of 453,932. Adtalem Global Education Inc. has a fifty-two week low of $62.28 and a fifty-two week 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. The company has a market cap 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 business has a fifty day simple moving average of $111.06 and a 200 day simple moving average of $100.93.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter last year, the firm earned $1.50 earnings per share. Adtalem Global Education's quarterly revenue was up 12.9% on a year-over-year basis. On average, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
Adtalem Global Education announced that its board has approved a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
ATGE has been the topic of several research reports. Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price on the stock. Barrington Research upped their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Finally, BMO Capital Markets upped their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th.
Read Our Latest Stock Analysis on Adtalem Global Education
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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