Horizon Investment Services LLC Invests $413,000 in Adtalem Global Education Inc. (NYSE:ATGE)

Horizon Investment Services LLC purchased a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,100 shares of the company's stock, valued at approximately $413,000.

Several other hedge funds have also bought and sold shares of ATGE. Vanguard Group Inc. raised its stake in shares of Adtalem Global Education by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock worth $417,305,000 after purchasing an additional 82,931 shares during the period. Capital World Investors increased its position in shares of Adtalem Global Education by 5.2% in the fourth quarter. Capital World Investors now owns 1,016,441 shares of the company's stock worth $92,344,000 after purchasing an additional 50,000 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Adtalem Global Education by 0.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock worth $61,713,000 after purchasing an additional 3,908 shares during the last quarter. Alyeska Investment Group L.P. grew its position in Adtalem Global Education by 19.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock valued at $55,367,000 after acquiring an additional 99,491 shares during the last quarter. Finally, Northern Trust Corp grew its position in Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock valued at $43,083,000 after acquiring an additional 22,084 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company's stock.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the stock in a transaction that occurred 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 directly owned 9,368 shares of the company's stock, valued at $1,202,382.80. This trade represents a 19.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ATGE shares. Jefferies Financial Group started coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective for the company. Barrington Research boosted their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Finally, BMO Capital Markets boosted their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th.

Adtalem Global Education Stock Performance

ATGE traded down $0.05 during midday trading on Thursday, hitting $114.50. 76,159 shares of the company traded hands, compared to its average volume of 477,851. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $4.27 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.02 and a beta of 0.90. The company's 50-day moving average is $124.79 and its 200 day moving average is $110.39. Adtalem Global Education Inc. has a 52 week low of $67.30 and a 52 week high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The firm had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. During the same quarter in the prior year, the firm earned $1.50 EPS. The business's revenue for the quarter was up 12.9% compared to the same quarter last year. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has authorized a stock buyback 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company's management 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.