ProShare Advisors LLC lifted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 44.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,298 shares of the company's stock after buying an additional 3,473 shares during the period. ProShare Advisors LLC's holdings in Adtalem Global Education were worth $1,026,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after buying an additional 110 shares during the last quarter. US Bancorp DE lifted its holdings in Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after acquiring an additional 151 shares during the period. Quantinno Capital Management LP boosted its position in 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 purchasing an additional 165 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Adtalem Global Education by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock valued at $356,000 after purchasing an additional 194 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of Adtalem Global Education by 2.4% during the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock valued at $763,000 after purchasing an additional 200 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.
Adtalem Global Education Price Performance
Adtalem Global Education stock traded up $1.48 during mid-day trading on Wednesday, hitting $131.18. The stock had a trading volume of 202,478 shares, compared to its average volume of 452,818. Adtalem Global Education Inc. has a one year low of $62.28 and a one year high of $140.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $4.89 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.05 and a beta of 0.86. The firm's 50 day moving average is $111.68 and its 200 day moving average is $101.13.
Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The firm had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same quarter last year, the business posted $1.50 earnings per share. The firm's revenue was up 12.9% on a year-over-year basis. On average, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.
Adtalem Global Education announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on ATGE shares. Barrington Research increased their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Jefferies Financial Group started coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target for the company. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, BMO Capital Markets boosted their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th.
Get Our Latest Stock Analysis on Adtalem Global Education
About Adtalem Global Education
(
Free Report)
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.
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