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

Calamos Advisors LLC lifted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,223 shares of the company's stock after purchasing 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 SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp grew its stake in 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 acquiring an additional 104 shares during the period. Financial Management Professionals Inc. purchased a new position in Adtalem Global Education in the 1st quarter valued at $31,000. Smartleaf Asset Management LLC lifted its holdings 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. Sterling Capital Management LLC lifted its holdings in 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 purchasing an additional 860 shares in the last quarter. Finally, USA Financial Formulas lifted its holdings in 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 purchasing an additional 606 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Stock Down 0.3%

Shares of Adtalem Global Education stock traded down $0.38 on Wednesday, reaching $119.63. 135,638 shares of the company were exchanged, compared to its average volume of 445,520. The stock's 50 day moving average price is $124.96 and its 200-day moving average price is $108.59. The company has a market cap of $4.46 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 1.09 and a beta of 0.90. Adtalem Global Education Inc. has a 1-year low of $66.90 and a 1-year high of $140.12. 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 (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating 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 company had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several analyst reports. Wall Street Zen lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Barrington Research lifted 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. BMO Capital Markets lifted 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. Finally, Jefferies Financial Group began coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the sale, the director owned 9,368 shares in the company, 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 link. 2.00% of the stock is currently owned by insiders.

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.