James Investment Research Inc. bought a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,731 shares of the company's stock, valued at approximately $375,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in Adtalem Global Education by 56.8% in the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in Adtalem Global Education in the first quarter valued at about $31,000. Sterling Capital Management LLC grew its stake in Adtalem Global Education by 774.8% in 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 in the last quarter. USA Financial Formulas boosted its stake in shares of Adtalem Global Education by 214.9% during the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after acquiring an additional 606 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of 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 acquiring an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 98.84% of the company's stock.
Insider Buying and Selling at Adtalem Global Education
In related news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the transaction, the director owned 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company's stock.
Adtalem Global Education Stock Up 0.2%
Shares of ATGE traded up $0.19 during trading hours on Friday, hitting $116.77. 355,243 shares of the company were exchanged, compared to its average volume of 442,886. The company has a market cap of $4.35 billion, a PE ratio of 19.36, a PEG ratio of 1.04 and a beta of 0.90. The firm's 50 day moving average is $125.75 and its 200-day moving average is $109.78. Adtalem Global Education Inc. has a 52 week low of $67.30 and a 52 week high of $140.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. The business had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same quarter in the previous year, the firm earned $1.50 EPS. The firm's revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.
Adtalem Global Education declared that its board has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
Analyst Ratings Changes
Several research firms have recently issued reports on ATGE. BMO Capital Markets upped their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Barrington Research upped 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. Finally, Jefferies Financial Group began coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target for the company.
Read Our Latest Analysis on ATGE
About Adtalem Global Education
(
Free Report)
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.
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