Alps Advisors Inc. Makes New $371,000 Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Alps Advisors Inc. bought a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,690 shares of the company's stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after buying an additional 104 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Adtalem Global Education in the 1st quarter valued at about $31,000. USA Financial Formulas grew 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 valued at $89,000 after buying an additional 606 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after buying an additional 860 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock valued at $136,000 after buying an additional 231 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Stock Up 0.2%

Shares of ATGE stock traded up $0.19 during midday trading on Friday, reaching $116.77. 355,243 shares of the stock were exchanged, compared to its average volume of 443,177. Adtalem Global Education Inc. has a 1 year low of $67.30 and a 1 year high of $140.12. The company's 50 day moving average is $125.36 and its two-hundred day moving average is $109.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. The firm has a market cap of $4.35 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.90.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.29. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. The firm had revenue of $466.06 million for the quarter, compared to analysts' expectations of $447.19 million. During the same period in the previous year, the firm posted $1.50 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. On average, equities research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its board has approved a stock repurchase program 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 programs are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on ATGE. BMO Capital Markets increased their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Barrington Research increased their price target on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group began coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the transaction, the director directly owned 9,368 shares of the company's stock, valued at approximately $1,202,382.80. This represents a 19.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.00% of the company's stock.

Adtalem Global Education 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.