Kendall Capital Management Acquires Shares of 2,227 Adtalem Global Education Inc. (NYSE:ATGE)

Kendall Capital Management acquired a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,227 shares of the company's stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATGE. Fifth Third Bancorp grew its stake in shares of 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 during the period. Financial Management Professionals Inc. purchased a new position in shares of Adtalem Global Education in the first quarter worth approximately $31,000. Parkside Financial Bank & Trust grew its position in Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after buying an additional 776 shares during the period. Smartleaf Asset Management LLC increased its holdings in Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after buying an additional 634 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Adtalem Global Education by 774.8% in the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after acquiring an additional 860 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Price Performance

NYSE:ATGE traded up $1.09 on Friday, reaching $122.92. 287,275 shares of the company's stock traded hands, compared to its average volume of 446,230. 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 stock has a 50-day simple moving average of $124.41 and a 200-day simple moving average of $107.98. The firm has a market cap of $4.58 billion, a PE ratio of 20.38, a P/E/G ratio of 1.10 and a beta of 0.90. Adtalem Global Education Inc. has a 12 month low of $66.90 and a 12 month high of $140.12.

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

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

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of Adtalem Global Education stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the sale, the director directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATGE. Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company. 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 report on Friday, May 9th. BMO Capital Markets lifted their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Finally, Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

Adtalem Global Education Profile

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.