Alberta Investment Management Corp purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,900 shares of the company's stock, valued at approximately $996,000.
Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Adtalem Global Education by 17.5% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock worth $173,000 after purchasing an additional 256 shares during the period. Fifth Third Bancorp grew 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 worth $29,000 after purchasing an additional 104 shares during the period. Vontobel Holding Ltd. increased its holdings in Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock worth $258,000 after acquiring an additional 155 shares in the last quarter. Kendall Capital Management purchased a new stake in Adtalem Global Education in the 1st quarter worth $224,000. Finally, Archford Capital Strategies LLC purchased a new stake in Adtalem Global Education in the 1st quarter worth $866,000. 98.84% of the stock is owned by hedge funds and other institutional investors.
Adtalem Global Education Trading Up 0.4%
NYSE:ATGE traded up $0.42 on Tuesday, reaching $115.01. The stock had a trading volume of 322,193 shares, compared to its average volume of 354,619. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.02 and a beta of 0.88. 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 firm's fifty day moving average is $121.78 and its two-hundred day moving average is $111.70. Adtalem Global Education Inc. has a 12-month low of $67.30 and a 12-month high of $140.12.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (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 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 company's revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. Equities analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.
Adtalem Global Education announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to purchase 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 shares are undervalued.
Insider Buying and Selling at Adtalem Global Education
In other news, Director William W. Burke sold 2,291 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 9,368 shares of the company's stock, valued at approximately $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target for the company. Barrington Research reissued an "outperform" rating and issued a $140.00 price target on shares of Adtalem Global Education in a report on Wednesday, July 30th. Finally, BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th.
Get Our Latest Report on Adtalem Global Education
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.
Further Reading
Before you consider Adtalem Global Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adtalem Global Education wasn't on the list.
While Adtalem Global Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
