Adtalem Global Education Inc. (NYSE:ATGE) Stock Holdings Increased by Calamos Advisors LLC

Calamos Advisors LLC raised its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,223 shares of the company's stock after acquiring an additional 2,379 shares during the quarter. Calamos Advisors LLC owned 0.08% of Adtalem Global Education worth $3,042,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ATGE. Fifth Third Bancorp lifted its holdings in 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 acquiring an additional 104 shares during the period. Financial Management Professionals Inc. acquired a new stake in Adtalem Global Education in the first quarter valued at $31,000. Smartleaf Asset Management LLC raised its stake in shares of Adtalem Global Education by 196.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after buying an additional 634 shares during the last quarter. Sterling Capital Management LLC raised its stake in shares of Adtalem Global Education by 774.8% during the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after buying an additional 860 shares during the last quarter. Finally, USA Financial Formulas raised 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 buying an additional 606 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Stock Down 1.2%

ATGE traded down $1.45 during trading on Tuesday, hitting $120.21. The company had a trading volume of 139,530 shares, compared to its average volume of 445,103. The company has a market cap of $4.48 billion, a PE ratio of 19.94, a P/E/G ratio of 1.10 and a beta of 0.90. The business has a 50-day moving average of $124.71 and a 200-day moving average of $108.51. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. Adtalem Global Education Inc. has a 1-year low of $66.90 and a 1-year high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.29. The company had revenue of $466.06 million for 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 was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barrington Research lifted their price objective on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Jefferies Financial Group began coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective on the stock. 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 report on Monday, May 12th. Finally, Wall Street Zen downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th.

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.