Allianz SE Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

Allianz SE bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,465 shares of the company's stock, valued at approximately $449,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ATGE. Capital World Investors increased its stake in Adtalem Global Education by 5.2% during the 4th quarter. Capital World Investors now owns 1,016,441 shares of the company's stock worth $92,344,000 after buying an additional 50,000 shares during the period. Alyeska Investment Group L.P. increased its stake in Adtalem Global Education by 19.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock worth $55,367,000 after buying an additional 99,491 shares during the period. Northern Trust Corp increased its stake in Adtalem Global Education by 4.9% during the 4th quarter. Northern Trust Corp now owns 474,224 shares of the company's stock worth $43,083,000 after buying an additional 22,084 shares during the period. Allianz Asset Management GmbH increased its stake in Adtalem Global Education by 58.2% during the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock worth $41,206,000 after buying an additional 150,702 shares during the period. Finally, Invesco Ltd. increased its stake in Adtalem Global Education by 19.5% during the 4th quarter. Invesco Ltd. now owns 390,932 shares of the company's stock worth $35,516,000 after buying an additional 63,884 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of Adtalem Global Education 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 completion of the transaction, the director 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ATGE shares. Barrington Research reissued an "outperform" rating and issued a $140.00 price objective on shares of Adtalem Global Education in a research report on Wednesday, July 30th. Jefferies Financial Group began coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock. Finally, BMO Capital Markets increased their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th.

Adtalem Global Education Stock Performance

Adtalem Global Education stock traded down $1.29 during mid-day trading on Thursday, reaching $118.53. 491,155 shares of the company were exchanged, compared to its average volume of 471,305. Adtalem Global Education Inc. has a twelve month low of $68.60 and a twelve month high of $140.12. The firm's 50-day simple moving average is $121.23 and its two-hundred day simple moving average is $111.78. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $4.42 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 1.03 and a beta of 0.88.

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

Adtalem Global Education announced that its board has initiated a share repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are 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.