Alberta Investment Management Corp bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,900 shares of the company's stock, valued at approximately $996,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ATGE. GAMMA Investing LLC lifted its stake in Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock valued at $173,000 after purchasing an additional 256 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Adtalem Global Education by 56.8% during the first 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. Vontobel Holding Ltd. raised its stake in Adtalem Global Education by 6.4% during the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after buying an additional 155 shares during the last quarter. Kendall Capital Management bought a new position in Adtalem Global Education during the first quarter worth $224,000. Finally, Archford Capital Strategies LLC bought a new position in Adtalem Global Education during the first quarter worth $866,000. Institutional investors and hedge funds own 98.84% of the company's stock.
Adtalem Global Education Trading Down 1.1%
Adtalem Global Education stock traded down $1.29 during trading hours on Thursday, reaching $118.53. The stock had a trading volume of 491,155 shares, compared to its average volume of 471,305. The stock has a market cap of $4.42 billion, a PE ratio of 19.62, a PEG ratio of 1.03 and a beta of 0.88. Adtalem Global Education Inc. has a 52 week low of $68.60 and a 52 week high of $140.12. 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 company has a fifty day simple moving average of $121.23 and a 200-day simple moving average of $111.78.
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 for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. The firm 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 in the previous year, the firm posted $1.50 EPS. 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 approved a share buyback plan on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target for the company. BMO Capital Markets boosted their target price 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. Finally, Barrington Research restated an "outperform" rating and set a $140.00 price target on shares of Adtalem Global Education in a research note on Wednesday, July 30th.
View Our Latest Analysis on Adtalem Global Education
Insider Buying and Selling
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 sale, the director owned 9,368 shares of the company's stock, valued at $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 is available at this link. 2.00% of the stock is owned by insiders.
Adtalem Global Education Company Profile
(
Free Report)
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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