Janney Montgomery Scott LLC Sells 2,286 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Janney Montgomery Scott LLC decreased its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,289 shares of the company's stock after selling 2,286 shares during the quarter. Janney Montgomery Scott LLC's holdings in Adtalem Global Education were worth $633,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares during the period. Financial Management Professionals Inc. bought a new position in Adtalem Global Education during the 1st quarter worth about $31,000. USA Financial Formulas increased its holdings in Adtalem Global Education by 214.9% during the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after acquiring an additional 634 shares in the last quarter. Finally, Sterling Capital Management LLC grew 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 acquiring an additional 860 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of Adtalem Global Education 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 transaction, the director directly owned 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 SEC, which is available through this link. 2.00% of the stock is owned by company insiders.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded up $1.09 during midday trading on Friday, reaching $122.92. The company's stock had a trading volume of 287,275 shares, compared to its average volume of 446,668. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. Adtalem Global Education Inc. has a fifty-two week low of $66.90 and a fifty-two week high of $140.12. The business's 50 day moving average price is $124.41 and its two-hundred day moving average price is $108.13. The company has a market cap of $4.58 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.10 and a beta of 0.90.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. The company had revenue of $466.06 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. On average, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors 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.