Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,213 shares of the company's stock after selling 2,745 shares during the quarter. CWA Asset Management Group LLC's holdings in Adtalem Global Education were worth $1,430,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NorthCrest Asset Manangement LLC acquired a new position in shares of Adtalem Global Education during the 1st quarter valued at about $618,000. Fifth Third Bancorp boosted its position in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after acquiring an additional 104 shares during the last quarter. USA Financial Formulas boosted its stake in Adtalem Global Education by 214.9% during the first quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after buying an additional 606 shares during the period. Assenagon Asset Management S.A. boosted its stake in Adtalem Global Education by 29.0% during the first quarter. Assenagon Asset Management S.A. now owns 37,917 shares of the company's stock worth $3,816,000 after buying an additional 8,517 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after buying an additional 256 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ATGE shares. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Wall Street Zen lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Jefferies Financial Group started coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Finally, Barrington Research increased their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the sale, the director now owns 9,368 shares of the company's stock, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Adtalem Global Education Stock Up 2.2%

Shares of ATGE traded up $2.80 during mid-day trading on Monday, hitting $127.88. 367,604 shares of the company's stock were exchanged, compared to its average volume of 449,051. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.28 and a beta of 0.92. Adtalem Global Education Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $140.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. The stock's 50-day moving average is $120.77 and its 200-day moving average is $106.01.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 13.34% and a return on equity of 17.47%. The business's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.