Millennium Management LLC Sells 59,097 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Millennium Management LLC lowered its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 29.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,690 shares of the company's stock after selling 59,097 shares during the period. Millennium Management LLC owned about 0.37% of Adtalem Global Education worth $12,691,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in ATGE. Barclays PLC increased its position in shares of Adtalem Global Education by 12.1% in the third quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after acquiring an additional 7,172 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Adtalem Global Education by 4.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,575 shares of the company's stock worth $779,000 after acquiring an additional 347 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Adtalem Global Education by 4.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 25,005 shares of the company's stock worth $2,272,000 after acquiring an additional 1,018 shares in the last quarter. KBC Group NV increased its position in shares of Adtalem Global Education by 31.9% in the fourth quarter. KBC Group NV now owns 1,654 shares of the company's stock worth $150,000 after acquiring an additional 400 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Adtalem Global Education in the fourth quarter worth approximately $70,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Stock Down 1.4%

Shares of ATGE stock traded down $1.82 during trading on Thursday, hitting $130.83. 78,275 shares of the company were exchanged, compared to its average volume of 494,505. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.05 and a beta of 0.86. The business's 50-day simple moving average is $112.36 and its 200 day simple moving average is $101.34. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The firm's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has approved a stock buyback program on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group assumed 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. Wall Street Zen downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research raised their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, BMO Capital Markets raised their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th.

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.