Peregrine Asset Advisers Inc. Trims Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Peregrine Asset Advisers Inc. lowered its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 38.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,664 shares of the company's stock after selling 37,543 shares during the period. Adtalem Global Education accounts for 2.3% of Peregrine Asset Advisers Inc.'s holdings, making the stock its 9th biggest position. Peregrine Asset Advisers Inc. owned about 0.16% of Adtalem Global Education worth $6,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATGE. Vanguard Group Inc. raised its stake in Adtalem Global Education by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock valued at $417,305,000 after buying an additional 82,931 shares during the period. Capital World Investors raised its stake in Adtalem Global Education by 5.2% in the 4th quarter. Capital World Investors now owns 1,016,441 shares of the company's stock valued at $92,344,000 after acquiring an additional 50,000 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Adtalem Global Education by 0.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock valued at $61,713,000 after acquiring an additional 3,908 shares during the period. Alyeska Investment Group L.P. raised its position in shares of Adtalem Global Education by 19.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock valued at $55,367,000 after purchasing an additional 99,491 shares during the period. Finally, Northern Trust Corp raised its position in shares of Adtalem Global Education by 4.9% in the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock valued at $43,083,000 after purchasing an additional 22,084 shares during the period. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barrington Research increased their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. BMO Capital Markets raised their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Finally, Jefferies Financial Group began coverage on 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.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by insiders.

Adtalem Global Education Stock Up 0.3%

Shares of ATGE traded up $0.33 during trading hours on Thursday, reaching $114.88. 68,267 shares of the stock traded hands, compared to its average volume of 477,832. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $124.79 and a 200 day simple moving average of $110.39. Adtalem Global Education Inc. has a 52 week low of $67.30 and a 52 week high of $140.12. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.02 and a beta of 0.90.

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

Adtalem Global Education declared that its Board of Directors has approved a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Adtalem Global Education Company 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.