Rhumbline Advisers Sells 4,977 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Rhumbline Advisers trimmed its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,069 shares of the company's stock after selling 4,977 shares during the period. Rhumbline Advisers owned about 0.30% of Adtalem Global Education worth $11,178,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Adtalem Global Education by 1.8% in the 4th 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 holdings in Adtalem Global Education by 5.2% during the fourth quarter. Capital World Investors now owns 1,016,441 shares of the company's stock valued at $92,344,000 after buying an additional 50,000 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Adtalem Global Education by 0.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock worth $61,713,000 after buying an additional 3,908 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Adtalem Global Education by 19.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company's stock worth $55,367,000 after acquiring an additional 99,491 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock worth $43,083,000 after purchasing an additional 22,084 shares during the period. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Trading Up 0.5%

Shares of ATGE stock traded up $0.62 on Wednesday, hitting $119.80. The stock had a trading volume of 361,751 shares, compared to its average volume of 458,108. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $140.12. The company has a fifty day moving average price of $116.95 and a two-hundred day moving average price of $103.91. The firm has a market cap of $4.46 billion, a P/E ratio of 22.31, a PEG ratio of 1.05 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 16.82% and a net margin of 12.34%. Adtalem Global Education's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. As a group, 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 has initiated a share buyback plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director William W. Burke sold 2,291 shares of the firm's 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 completion of the transaction, the director now owns 9,368 shares in the company, valued at $1,202,382.80. This trade represents a 19.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on ATGE shares. Jefferies Financial Group started coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock. Barrington Research boosted their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, May 9th. BMO Capital Markets increased their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Finally, Wall Street Zen lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th.

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.