Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,652 shares of the company's stock after selling 5,269 shares during the period. Jupiter Asset Management Ltd. owned 0.19% of Adtalem Global Education worth $7,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp increased its stake in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after purchasing an additional 104 shares during the period. Financial Management Professionals Inc. purchased a new stake in Adtalem Global Education in the 1st quarter valued at about $31,000. USA Financial Formulas lifted its position in shares of Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after purchasing an additional 606 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Adtalem Global Education by 10,488.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company's stock valued at $96,000 after purchasing an additional 944 shares during the last quarter. Finally, Sterling Capital Management LLC grew its stake in Adtalem Global Education by 774.8% in the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after purchasing an additional 860 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATGE has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. BMO Capital Markets increased their price objective 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. Finally, Barrington Research restated an "outperform" rating and set a $140.00 price target on shares of Adtalem Global Education in a research report on Wednesday, July 30th.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded down $1.29 during trading on Thursday, hitting $118.53. The company had a trading volume of 491,155 shares, compared to its average volume of 471,305. The stock has a fifty day simple moving average of $121.23 and a two-hundred day simple moving average of $111.78. Adtalem Global Education Inc. has a fifty-two week low of $68.60 and a fifty-two week high of $140.12. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.88. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39.

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 (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million for 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 company's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 earnings per share. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

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

Insiders Place Their Bets

In related news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the transaction, the director directly owned 9,368 shares in the company, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company's stock.

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.