Squarepoint Ops LLC Purchases New Shares in Adtalem Global Education Inc. (NYSE:ATGE)

Squarepoint Ops LLC purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,959 shares of the company's stock, valued at approximately $1,177,000.

Several other large investors also recently modified their holdings of ATGE. R Squared Ltd bought a new position in Adtalem Global Education in the 4th quarter worth $70,000. Parkside Financial Bank & Trust boosted its holdings in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after buying an additional 776 shares during the period. Smartleaf Asset Management LLC lifted its stake in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after purchasing an additional 860 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Adtalem Global Education by 18.2% in the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ATGE shares. Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research upped 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. BMO Capital Markets upped their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Finally, Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock.

Adtalem Global Education Trading Down 2.6%

ATGE stock traded down $3.45 during mid-day trading on Tuesday, reaching $129.82. The company had a trading volume of 454,577 shares, compared to its average volume of 456,947. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day moving average of $114.13 and a 200 day moving average of $102.44. Adtalem Global Education Inc. has a 12 month low of $62.28 and a 12 month high of $140.12. The company has a market capitalization of $4.84 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The firm had revenue of $466.06 million for the quarter, compared to the consensus estimate of $447.19 million. During the same period last year, the firm earned $1.50 earnings per share. The company's quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its board has initiated a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is 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.