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

GAMMA Investing LLC grew its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 11,723.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,101 shares of the company's stock after purchasing an additional 171,637 shares during the period. GAMMA Investing LLC owned approximately 0.46% of Adtalem Global Education worth $17,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ATGE. Arizona State Retirement System increased its position in shares of Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after purchasing an additional 110 shares in the last quarter. US Bancorp DE increased its holdings in shares of Adtalem Global Education by 4.8% during the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Adtalem Global Education by 5.4% during the fourth quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock worth $293,000 after buying an additional 165 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Adtalem Global Education by 5.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock valued at $356,000 after acquiring an additional 194 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Adtalem Global Education by 2.4% in the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock worth $763,000 after acquiring an additional 200 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Trading Down 5.4%

ATGE stock traded down $6.86 during trading on Monday, hitting $121.37. The company had a trading volume of 551,076 shares, compared to its average volume of 458,729. The firm has a 50-day moving average price of $116.29 and a 200-day moving average price of $103.58. Adtalem Global Education Inc. has a 12 month low of $62.28 and a 12 month high of $140.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.05 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping 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 company had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same quarter in the previous year, the company posted $1.50 earnings per share. The firm's quarterly revenue was up 12.9% on a year-over-year basis. As a group, 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 share repurchase program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

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 completion of the sale, the director now owns 9,368 shares of the company's stock, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Jefferies Financial Group started coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price for the company. BMO Capital Markets lifted their price target on 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 increased their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th.

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.