Focus Partners Wealth Makes New Investment in Adtalem Global Education Inc. (NYSE:ATGE)

Focus Partners Wealth bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,420 shares of the company's stock, valued at approximately $492,000.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in Adtalem Global Education by 12.1% during the third quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after acquiring an additional 7,172 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Adtalem Global Education by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,575 shares of the company's stock worth $779,000 after purchasing an additional 347 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Adtalem Global Education by 4.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 25,005 shares of the company's stock worth $2,272,000 after purchasing an additional 1,018 shares in the last quarter. KBC Group NV boosted its holdings in shares of Adtalem Global Education by 31.9% in the 4th quarter. KBC Group NV now owns 1,654 shares of the company's stock valued at $150,000 after buying an additional 400 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of Adtalem Global Education in the fourth quarter valued at $70,000. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ATGE shares. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target on the stock. Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. 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, Barrington Research boosted their price target 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.

Adtalem Global Education Stock Performance

ATGE stock traded up $0.24 during midday trading on Monday, reaching $128.70. 675,719 shares of the company were exchanged, compared to its average volume of 453,932. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average price of $111.06 and a two-hundred day moving average price of $100.93. Adtalem Global Education Inc. has a one year low of $62.28 and a one year high of $140.12. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 23.97, 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 earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same quarter last year, the company posted $1.50 EPS. Adtalem Global Education's quarterly revenue was up 12.9% compared to the same quarter last year. Equities research 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 share repurchase program on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership 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.