Deutsche Bank AG Sells 3,114 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Key Points

• Deutsche Bank AG reduced its stake in Adtalem Global Education by 4.6%, selling 3,114 shares and now owning 63,940 shares valued at approximately $6.44 million.
• Adtalem's recent quarterly earnings beat analysts' expectations, reporting $1.66 EPS compared to the forecast of $1.51, with revenues up 11.5% year-over-year.
• The company has authorized a stock repurchase program of $150 million, indicating confidence in its stock valuation, as insiders currently own 2% of the company's stock.

Deutsche Bank AG lowered its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 63,940 shares of the company's stock after selling 3,114 shares during the period. Deutsche Bank AG owned about 0.17% of Adtalem Global Education worth $6,435,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Capital World Investors lifted its position in shares of Adtalem Global Education by 5.2% in the 4th quarter. Capital World Investors now owns 1,016,441 shares of the company's stock worth $92,344,000 after purchasing an additional 50,000 shares during the period. Alyeska Investment Group L.P. grew its position in Adtalem Global Education by 19.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock valued at $55,367,000 after buying an additional 99,491 shares during the period. Northern Trust Corp boosted its position in shares of Adtalem Global Education by 4.9% in the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock worth $43,083,000 after purchasing an additional 22,084 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Adtalem Global Education by 58.2% in the first quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock worth $41,206,000 after purchasing an additional 150,702 shares during the period. Finally, Nomura Holdings Inc. lifted its holdings in shares of Adtalem Global Education by 19.6% in the fourth quarter. Nomura Holdings Inc. now owns 226,317 shares of the company's stock worth $20,561,000 after buying an additional 37,068 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the sale, the director owned 9,368 shares of the company's stock, valued at $1,202,382.80. The trade was a 19.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Stock Performance

ATGE opened at $128.87 on Friday. Adtalem Global Education Inc. has a 12-month low of $68.60 and a 12-month high of $140.12. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4.63 billion, a PE ratio of 20.82, a P/E/G ratio of 1.12 and a beta of 0.88. The firm has a 50 day moving average of $120.52 and a two-hundred day moving average of $113.13.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.15. Adtalem Global Education had a net margin of 13.26% and a return on equity of 17.95%. The firm had revenue of $457.11 million for the quarter, compared to analysts' expectations of $440.93 million. During the same quarter last year, the company earned $1.37 EPS. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. On average, analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education declared that its board has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

ATGE has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price on the stock. BMO Capital Markets raised their price target 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, Barrington Research boosted their target price on shares of Adtalem Global Education from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th.

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.

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