BNP Paribas Financial Markets Decreases Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

BNP Paribas Financial Markets lowered its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 61.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,307 shares of the company's stock after selling 8,357 shares during the quarter. BNP Paribas Financial Markets' holdings in Adtalem Global Education were worth $482,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Adtalem Global Education in the 4th quarter worth $70,000. Parkside Financial Bank & Trust raised its holdings 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 worth $72,000 after purchasing an additional 776 shares in the last quarter. Smartleaf Asset Management LLC lifted its position 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 valued at $86,000 after buying an additional 634 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after buying an additional 860 shares in the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after buying an additional 231 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Stock Performance

ATGE traded down $2.93 on Thursday, reaching $129.72. The stock had a trading volume of 503,505 shares, compared to its average volume of 456,010. The business's 50-day moving average price is $112.89 and its two-hundred day moving average price is $101.61. The company has a market cap of $4.83 billion, a P/E ratio of 24.16, 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 announced its quarterly earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.29. The firm had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Adtalem Global Education's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. Sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barrington Research upped their target price on Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. BMO Capital Markets increased their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Jefferies Financial Group initiated coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company. Finally, Wall Street Zen lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.

About Adtalem Global Education

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.