Point72 Asia Singapore Pte. Ltd. Sells 3,367 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Point72 Asia Singapore Pte. Ltd. cut its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 76.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,037 shares of the company's stock after selling 3,367 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Adtalem Global Education were worth $94,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATGE. USA Financial Formulas acquired a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $26,000. R Squared Ltd acquired a new position in Adtalem Global Education in the fourth quarter worth $70,000. Parkside Financial Bank & Trust boosted its stake 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 grew its holdings 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 worth $86,000 after purchasing an additional 634 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Adtalem Global Education by 774.8% during the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after purchasing an additional 860 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ATGE shares. Barrington Research lifted their price target on 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 downgraded 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 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 on the stock. Finally, BMO Capital Markets increased their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th.

Adtalem Global Education Trading Up 0.1%

Shares of ATGE stock traded up $0.09 on Friday, reaching $128.55. 241,336 shares of the stock were exchanged, compared to its average volume of 493,500. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. Adtalem Global Education Inc. has a one year low of $62.28 and a one year high of $140.12. The stock has a market cap of $4.79 billion, a PE ratio of 23.94, a P/E/G ratio of 1.05 and a beta of 0.86. The stock has a 50 day moving average price of $109.83 and a 200 day moving average price of $100.19.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates 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%. The company's revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has authorized a share buyback program on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is 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.