Robeco Institutional Asset Management B.V. Increases Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Robeco Institutional Asset Management B.V. raised its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 14.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,365 shares of the company's stock after buying an additional 9,235 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.20% of Adtalem Global Education worth $7,484,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after buying an additional 104 shares during the period. Financial Management Professionals Inc. bought a new stake in Adtalem Global Education during the first quarter valued at $31,000. Parkside Financial Bank & Trust grew its holdings in Adtalem Global Education by 4,850.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after acquiring an additional 776 shares during the period. USA Financial Formulas raised its position in shares of Adtalem Global Education by 214.9% in the 1st quarter. USA Financial Formulas now owns 888 shares of the company's stock worth $89,000 after acquiring an additional 606 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after purchasing an additional 634 shares during the period. Institutional investors own 98.84% of the company's stock.

Adtalem Global Education Stock Down 2.2%

Shares of ATGE traded down $2.85 during trading hours on Tuesday, hitting $124.38. The stock had a trading volume of 462,372 shares, compared to its average volume of 445,840. Adtalem Global Education Inc. has a 1-year low of $66.90 and a 1-year high of $140.12. The firm has a market capitalization of $4.63 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The firm has a 50 day simple moving average of $122.91 and a 200-day simple moving average of $107.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly 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. The business had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. The company's quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 earnings per share. Sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on ATGE shares. Jefferies Financial Group started coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. BMO Capital Markets increased their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. 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. Finally, Barrington Research boosted their target price 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.

Insider Transactions at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the sale, the director 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.00% of the company's stock.

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.