GAMMA Investing LLC Has $17.42 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

GAMMA Investing LLC boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 11,723.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,101 shares of the company's stock after purchasing an additional 171,637 shares during the period. GAMMA Investing LLC owned about 0.46% of Adtalem Global Education worth $17,421,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ATGE. Barclays PLC lifted its position in shares of Adtalem Global Education by 12.1% during the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after buying an additional 7,172 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Adtalem Global Education by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,575 shares of the company's stock worth $779,000 after acquiring an additional 347 shares in the last quarter. KBC Group NV raised its stake in Adtalem Global Education by 31.9% during the fourth quarter. KBC Group NV now owns 1,654 shares of the company's stock worth $150,000 after acquiring an additional 400 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Adtalem Global Education by 16.7% in the fourth quarter. Caprock Group LLC now owns 4,291 shares of the company's stock worth $390,000 after acquiring an additional 613 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $254,000. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Trading Up 0.2%

Shares of ATGE stock traded up $0.26 during trading hours on Friday, hitting $128.11. 252,805 shares of the company's stock traded hands, compared to its average volume of 457,890. The stock has a market cap of $4.77 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.05 and a beta of 0.92. The stock's 50 day simple moving average is $116.29 and its 200 day simple moving average is $103.37. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 12 month low of $62.28 and a 12 month high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Adtalem Global Education's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. On average, sell-side analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the 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 completion of the sale, the director now directly owns 9,368 shares in the company, valued at $1,202,382.80. This represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

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.