Two Sigma Advisers LP bought a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 13,300 shares of the company's stock, valued at approximately $1,208,000.
Several other institutional investors have also recently added to or reduced their stakes in ATGE. Arizona State Retirement System increased its holdings in shares of Adtalem Global Education by 1.0% during the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after buying an additional 110 shares in the last quarter. US Bancorp DE lifted its position in Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after buying an additional 151 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Adtalem Global Education by 5.4% during the 4th quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock worth $293,000 after acquiring an additional 165 shares during the last quarter. Summit Investment Advisors Inc. increased its position in Adtalem Global Education by 5.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock valued at $356,000 after acquiring an additional 194 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in Adtalem Global Education by 2.4% in the 4th quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company's stock valued at $763,000 after acquiring an additional 200 shares in the last quarter. 98.84% of the stock is owned by institutional investors.
Adtalem Global Education Trading Down 0.4%
NYSE:ATGE traded down $0.58 during mid-day trading on Wednesday, hitting $129.30. The company had a trading volume of 43,488 shares, compared to its average volume of 456,135. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. Adtalem Global Education Inc. has a fifty-two week low of $62.28 and a fifty-two week high of $140.12. The firm has a market cap of $4.82 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.05 and a beta of 0.86. The business's fifty day moving average is $114.68 and its two-hundred day moving average is $102.63.
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 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 for the quarter, compared to analyst estimates of $447.19 million. During the same period in the previous year, the company posted $1.50 earnings per share. The company's revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.
Adtalem Global Education declared that its board has authorized a share repurchase program on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
Analysts Set New Price Targets
Several equities research analysts have recently commented on ATGE shares. Jefferies Financial Group assumed coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 target price for the company. Wall Street Zen cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a 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. Finally, BMO Capital Markets lifted their price target on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th.
Check Out 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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