Universal Beteiligungs und Servicegesellschaft mbH Invests $3.53 Million in Adtalem Global Education Inc. (NYSE:ATGE)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 38,874 shares of the company's stock, valued at approximately $3,532,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.10% of Adtalem Global Education at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ATGE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Adtalem Global Education by 23.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,782 shares of the company's stock valued at $8,066,000 after buying an additional 17,069 shares in the last quarter. Westport Asset Management Inc. bought a new position in shares of Adtalem Global Education in the fourth quarter valued at approximately $11,425,000. Squarepoint Ops LLC purchased a new position in Adtalem Global Education during the fourth quarter valued at approximately $1,177,000. Two Sigma Advisers LP bought a new stake in Adtalem Global Education during the 4th quarter worth approximately $1,208,000. Finally, Two Sigma Investments LP bought a new position in Adtalem Global Education in the 4th quarter valued at $4,143,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded down $3.35 during mid-day trading on Tuesday, reaching $129.93. 650,836 shares of the company were exchanged, compared to its average volume of 457,688. Adtalem Global Education Inc. has a 52 week low of $62.28 and a 52 week high of $140.12. 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 company's 50 day moving average price is $114.13 and its 200 day moving average price is $102.44. The stock has a market capitalization of $4.84 billion, a PE ratio of 24.19, a PEG ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly 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 net margin of 12.34% and a return on equity of 16.82%. The business had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. During the same period in the previous year, the firm posted $1.50 earnings per share. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. Sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has approved a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ATGE shares. Wall Street Zen downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Jefferies Financial Group initiated coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock. 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 research report on Monday, May 12th. Finally, Barrington Research upped their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th.

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.