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

CWA Asset Management Group LLC cut 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 disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,213 shares of the company's stock after selling 2,745 shares during the period. CWA Asset Management Group LLC's holdings in Adtalem Global Education were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake 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 buying an additional 104 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Adtalem Global Education during the first quarter worth about $31,000. Parkside Financial Bank & Trust raised its position in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after acquiring an additional 776 shares in the last quarter. USA Financial Formulas lifted its holdings in Adtalem Global Education by 214.9% in the first quarter. USA Financial Formulas now owns 888 shares of the company's stock valued at $89,000 after acquiring an additional 606 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction 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. The trade was a 19.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

ATGE has been the subject of several recent research reports. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Barrington Research lifted their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. 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. Finally, BMO Capital Markets raised their target price on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday, May 12th.

Adtalem Global Education Trading Up 1.2%

Shares of ATGE stock opened at $124.41 on Friday. Adtalem Global Education Inc. has a 1-year low of $63.24 and a 1-year high of $140.12. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 1.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $119.87 and a 200-day simple moving average of $105.32.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. The company had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The firm's revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS. On average, equities research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

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

Adtalem Global Education Company 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.

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