Deutsche Bank AG Purchases 11,054 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Deutsche Bank AG raised its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,054 shares of the company's stock after purchasing an additional 11,054 shares during the quarter. Deutsche Bank AG owned 0.18% of Adtalem Global Education worth $6,092,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. USA Financial Formulas acquired a new position in Adtalem Global Education during the fourth quarter worth $26,000. R Squared Ltd bought a new stake in Adtalem Global Education during the 4th quarter worth about $70,000. 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 buying an additional 776 shares during the last quarter. Smartleaf Asset Management LLC boosted 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. Finally, Sterling Capital Management LLC grew its holdings 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 acquiring an additional 860 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on ATGE. Barrington Research upped their target price on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Jefferies Financial Group assumed coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Finally, StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.

Adtalem Global Education Stock Performance

NYSE:ATGE traded down $2.32 on Wednesday, hitting $130.96. The company's stock had a trading volume of 274,461 shares, compared to its average volume of 450,441. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a one year low of $62.28 and a one year high of $140.12. The stock has a fifty day moving average of $108.53 and a two-hundred day moving average of $99.64. The firm has a market capitalization of $4.88 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86.

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 for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The business had revenue of $466.06 million for the quarter, compared to analysts' expectations of $447.19 million. During the same quarter in the prior year, the business earned $1.50 EPS. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. Research analysts predict 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 approved a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is 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.