Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Adtalem Global Education Inc. by 47.4% during the first quarter, now owning about 0.15% of the company valued at $5.77 million.
• Adtalem Global Education recently reported earnings of $1.92 per share, exceeding estimates, with revenue of $466.06 million, marking a 12.9% year-over-year increase.
• The company's board has authorized a $150 million stock buyback program, indicating management's belief that the shares are undervalued.

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 47.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,293 shares of the company's stock after acquiring an additional 18,419 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.15% of Adtalem Global Education worth $5,766,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Horizon Investment Services LLC bought a new position in shares of Adtalem Global Education during the 1st quarter worth $413,000. Allianz Asset Management GmbH increased its position in shares of Adtalem Global Education by 58.2% during the 1st quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company's stock valued at $41,206,000 after purchasing an additional 150,702 shares during the last quarter. Forum Financial Management LP bought a new position in shares of Adtalem Global Education during the 1st quarter valued at about $247,000. Bailard Inc. grew its position in Adtalem Global Education by 21.6% during the 1st quarter. Bailard Inc. now owns 5,071 shares of the company's stock worth $510,000 after acquiring an additional 900 shares during the last quarter. Finally, James Investment Research Inc. bought a new position in Adtalem Global Education during the 1st quarter worth approximately $375,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William W. Burke sold 2,291 shares of the company's 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 transaction, the director owned 9,368 shares of the company's stock, valued at approximately $1,202,382.80. This represents a 19.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ATGE. Barrington Research reaffirmed an "outperform" rating and issued a $140.00 price target on shares of Adtalem Global Education in a research note on Wednesday. BMO Capital Markets upped 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. Finally, Jefferies Financial Group started coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target for the company.

Adtalem Global Education Trading Up 0.1%

Shares of ATGE stock traded up $0.12 on Thursday, reaching $114.24. 73,217 shares of the company's stock were exchanged, compared to its average volume of 472,292. Adtalem Global Education Inc. has a 52 week low of $67.30 and a 52 week high of $140.12. 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 market capitalization of $4.26 billion, a PE ratio of 18.91, a P/E/G ratio of 1.02 and a beta of 0.90. The company's fifty day simple moving average is $122.62 and its 200 day simple moving average is $111.12.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results 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 return on equity of 17.47% and a net margin of 13.34%. The business 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 business posted $1.50 EPS. The business's revenue was up 12.9% compared to the same quarter last year. As a group, analysts forecast that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education declared that its Board of Directors has authorized a stock repurchase program on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board 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.