Two Sigma Investments LP Takes $4.14 Million Position in Adtalem Global Education Inc. (NYSE:ATGE)

Two Sigma Investments LP purchased a new stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 45,600 shares of the company's stock, valued at approximately $4,143,000. Two Sigma Investments LP owned approximately 0.12% of Adtalem Global Education at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC boosted its position in shares of Adtalem Global Education by 12.1% during the third quarter. Barclays PLC now owns 66,669 shares of the company's stock valued at $5,031,000 after buying an additional 7,172 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Adtalem Global Education by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,575 shares of the company's stock valued at $779,000 after buying an additional 347 shares during the last quarter. KBC Group NV boosted its position in shares of Adtalem Global Education by 31.9% during the fourth quarter. KBC Group NV now owns 1,654 shares of the company's stock valued at $150,000 after buying an additional 400 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Adtalem Global Education during the fourth quarter valued at $70,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Adtalem Global Education by 4.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 65,130 shares of the company's stock valued at $5,917,000 after buying an additional 2,619 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BMO Capital Markets increased their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Jefferies Financial Group assumed coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective on the stock. Wall Street Zen cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Finally, Barrington Research increased their price objective on Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, May 9th.

Adtalem Global Education Stock Performance

NYSE:ATGE traded up $2.75 on Friday, hitting $132.54. The stock had a trading volume of 563,024 shares, compared to its average volume of 457,046. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 24.68, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The business's 50-day simple moving average is $113.50 and its two-hundred day simple moving average is $101.91. Adtalem Global Education Inc. has a 52-week low of $62.28 and a 52-week high of $140.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its 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 analysts' expectations of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The business's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. As a group, research analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

About Adtalem Global Education

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.