TradeLink Capital LLC Has $326,000 Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

TradeLink Capital LLC decreased its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 44.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,243 shares of the company's stock after selling 2,617 shares during the period. Adtalem Global Education comprises 2.0% of TradeLink Capital LLC's portfolio, making the stock its 17th biggest holding. TradeLink Capital LLC's holdings in Adtalem Global Education were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Adtalem Global Education by 11,723.8% during the 1st quarter. GAMMA Investing LLC now owns 173,101 shares of the company's stock valued at $17,421,000 after purchasing an additional 171,637 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Adtalem Global Education by 58.2% during the first quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock worth $41,206,000 after buying an additional 150,702 shares in the last quarter. Westport Asset Management Inc. acquired a new stake in shares of Adtalem Global Education during the fourth quarter worth approximately $11,425,000. Norges Bank bought a new position in shares of Adtalem Global Education in the fourth quarter valued at approximately $11,157,000. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of Adtalem Global Education by 799.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company's stock worth $11,826,000 after acquiring an additional 115,699 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of Adtalem Global Education 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 sale, the director directly owned 9,368 shares in the company, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ATGE. Barrington Research reaffirmed an "outperform" rating and set a $140.00 price target on shares of Adtalem Global Education in a report on Wednesday. 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 target price on the stock. Finally, BMO Capital Markets lifted their price target on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, May 12th.

Adtalem Global Education Price Performance

Shares of Adtalem Global Education stock traded up $0.48 during midday trading on Friday, reaching $114.75. The company had a trading volume of 401,312 shares, compared to its average volume of 337,952. 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 $122.06 and a 200 day simple moving average of $111.49. Adtalem Global Education Inc. has a 1-year low of $67.30 and a 1-year high of $140.12. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.29. The firm 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 business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. As a group, equities research analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its board has authorized a share buyback program on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Adtalem Global Education 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.