Kestrel Investment Management Corp Sells 93,400 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Kestrel Investment Management Corp decreased its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 64.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,600 shares of the company's stock after selling 93,400 shares during the period. Adtalem Global Education accounts for about 3.2% of Kestrel Investment Management Corp's holdings, making the stock its 11th biggest position. Kestrel Investment Management Corp owned 0.14% of Adtalem Global Education worth $5,193,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ATGE. GAMMA Investing LLC grew its stake in Adtalem Global Education by 17.5% during the first quarter. GAMMA Investing LLC now owns 1,720 shares of the company's stock valued at $173,000 after acquiring an additional 256 shares in the last quarter. Fifth Third Bancorp grew its stake in Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after acquiring an additional 104 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Adtalem Global Education by 6.4% during the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock valued at $258,000 after acquiring an additional 155 shares in the last quarter. Kendall Capital Management purchased a new position in Adtalem Global Education during the first quarter valued at approximately $224,000. Finally, Archford Capital Strategies LLC purchased a new position in Adtalem Global Education in the 1st quarter worth approximately $866,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Buying and Selling at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total value of $294,049.85. Following the completion of the sale, the director directly owned 9,368 shares in the company, valued at approximately $1,202,382.80. The trade was a 19.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.

Adtalem Global Education Trading Up 0.4%

Shares of ATGE traded up $0.48 during mid-day trading on Friday, reaching $114.75. The company's stock had a trading volume of 401,312 shares, compared to its average volume of 337,952. The stock has a market cap of $4.28 billion, a PE ratio of 19.03, a P/E/G ratio of 1.02 and a beta of 0.88. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 52 week low of $67.30 and a 52 week high of $140.12. The company's fifty day moving average price is $122.06 and its two-hundred day moving average price is $111.39.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.29. The firm had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The business's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. On average, analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barrington Research reissued an "outperform" rating and issued a $140.00 price target on shares of Adtalem Global Education in a research note on Wednesday. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target for the company. Finally, BMO Capital Markets boosted their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th.

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.