Focus Partners Wealth Buys Shares of 5,420 Adtalem Global Education Inc. (NYSE:ATGE)

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Adtalem Global Education in the fourth quarter valued at $70,000. Parkside Financial Bank & Trust boosted its position in 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 purchasing an additional 776 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Adtalem Global Education by 196.9% in the fourth 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 period. Sterling Capital Management LLC raised its stake in shares of Adtalem Global Education by 774.8% during the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after purchasing an additional 860 shares during the period. Finally, Federated Hermes Inc. increased its stake in Adtalem Global Education by 18.2% during the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after buying an additional 231 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock. 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. Finally, BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th.

Adtalem Global Education Trading Up 0.2%

Shares of NYSE:ATGE traded up $0.24 during mid-day trading on Friday, reaching $128.70. The stock had a trading volume of 675,719 shares, compared to its average volume of 452,973. The firm has a market cap of $4.80 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The firm has a 50 day simple moving average of $110.48 and a two-hundred day simple moving average of $100.51. 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 twelve month low of $62.28 and a twelve month high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced 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. The firm had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The business's revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. On average, research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has approved a stock buyback plan on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

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.