Harbor Capital Advisors Inc. Buys Shares of 8,334 Adtalem Global Education Inc. (NYSE:ATGE)

Harbor Capital Advisors Inc. acquired a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,334 shares of the company's stock, valued at approximately $839,000.

Several other institutional investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new stake in shares of Adtalem Global Education in the first quarter worth about $31,000. Summit Global Investments lifted its holdings in shares of Adtalem Global Education by 33.2% in the first quarter. Summit Global Investments now owns 12,551 shares of the company's stock worth $1,263,000 after buying an additional 3,128 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Adtalem Global Education by 11,723.8% in the first quarter. GAMMA Investing LLC now owns 173,101 shares of the company's stock worth $17,421,000 after buying an additional 171,637 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Adtalem Global Education in the fourth quarter worth about $3,532,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Adtalem Global Education by 23.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,782 shares of the company's stock worth $8,066,000 after buying an additional 17,069 shares in the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ATGE shares. BMO Capital Markets upped their price objective 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. Barrington Research raised their price target on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Wall Street Zen lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, 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 for the company.

Adtalem Global Education Stock Up 2.2%

Adtalem Global Education stock traded up $2.74 during trading hours on Monday, hitting $124.58. The stock had a trading volume of 222,497 shares, compared to its average volume of 488,209. 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 capitalization of $4.64 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 1.05 and a beta of 0.92. Adtalem Global Education Inc. has a 12-month low of $62.70 and a 12-month high of $140.12. The stock's 50-day moving average price is $118.26 and its 200-day moving average price is $104.61.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same period in the previous year, the company earned $1.50 earnings per share. The firm's quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has initiated a stock buyback program on Tuesday, May 6th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Adtalem Global Education 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 transaction, the director now owns 9,368 shares in the company, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company's stock.

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.