James Investment Research Inc. Takes Position in Adtalem Global Education Inc. (NYSE:ATGE)

James Investment Research Inc. acquired a new stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,731 shares of the company's stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Adtalem Global Education by 56.8% during the 1st 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. Xponance Inc. lifted its holdings in shares of Adtalem Global Education by 5.2% during the first quarter. Xponance Inc. now owns 3,040 shares of the company's stock valued at $306,000 after purchasing an additional 151 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock valued at $258,000 after purchasing an additional 155 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Adtalem Global Education by 5.4% in the fourth quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock worth $293,000 after acquiring an additional 165 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased 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 worth $356,000 after acquiring an additional 194 shares during the last quarter. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Price Performance

Adtalem Global Education stock traded up $0.19 during midday trading on Friday, reaching $116.77. 355,243 shares of the stock were exchanged, compared to its average volume of 443,443. The company's fifty day moving average is $125.36 and its 200-day moving average is $110.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $4.35 billion, a PE ratio of 19.36, a PEG ratio of 1.05 and a beta of 0.90. 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 data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. During the same period last year, the business earned $1.50 EPS. Adtalem Global Education's revenue was up 12.9% compared to the same quarter last year. On average, sell-side analysts forecast 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 share buyback plan 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 plans are usually an indication that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ATGE shares. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Barrington Research upped their target price on shares of 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 initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price on the stock.

Insiders Place Their Bets

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the transaction, the director owned 9,368 shares in the company, valued at approximately $1,202,382.80. This trade represents a 19.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.