8,603 Shares in Adtalem Global Education Inc. (NYSE:ATGE) Acquired by Archford Capital Strategies LLC

Archford Capital Strategies LLC bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 8,603 shares of the company's stock, valued at approximately $866,000.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp lifted its stake in shares of Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Adtalem Global Education during the 1st quarter valued at approximately $31,000. Parkside Financial Bank & Trust boosted its stake in shares of Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after acquiring an additional 776 shares in the last quarter. USA Financial Formulas boosted its stake in shares of Adtalem Global Education by 214.9% during the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after acquiring an additional 606 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after purchasing an additional 634 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 value of $294,049.85. Following the sale, the director now directly owns 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ATGE. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock. Barrington Research raised their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded up $3.14 during trading on Friday, reaching $128.52. The company had a trading volume of 1,296,201 shares, compared to its average volume of 449,984. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a twelve month low of $65.30 and a twelve month high of $140.12. The stock has a 50-day moving average price of $122.32 and a two-hundred day moving average price of $106.80. The stock has a market capitalization of $4.79 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.28 and a beta of 0.92.

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 the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The firm had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter in the previous year, the company posted $1.50 EPS. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. As a group, sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its Board of Directors has authorized a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management 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.