Westport Asset Management Inc. Invests $11.43 Million in Adtalem Global Education Inc. (NYSE:ATGE)

Westport Asset Management Inc. purchased a new position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 125,759 shares of the company's stock, valued at approximately $11,425,000. Adtalem Global Education makes up about 5.5% of Westport Asset Management Inc.'s investment portfolio, making the stock its 5th biggest holding. Westport Asset Management Inc. owned 0.34% of Adtalem Global Education at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATGE. R Squared Ltd acquired a new position in Adtalem Global Education in the 4th quarter worth $70,000. Parkside Financial Bank & Trust boosted its stake in Adtalem Global Education by 4,850.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock worth $72,000 after purchasing an additional 776 shares during the period. Smartleaf Asset Management LLC boosted its stake in Adtalem Global Education by 196.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock worth $86,000 after purchasing an additional 634 shares during the period. Sterling Capital Management LLC boosted its stake in Adtalem Global Education by 774.8% in the 4th quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock worth $88,000 after purchasing an additional 860 shares during the period. Finally, Federated Hermes Inc. lifted its position in Adtalem Global Education by 18.2% during the 4th quarter. Federated Hermes Inc. now owns 1,497 shares of the company's stock worth $136,000 after buying an additional 231 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Adtalem Global Education Stock Performance

Shares of Adtalem Global Education stock traded up $0.24 during trading on Friday, hitting $128.70. 675,719 shares of the stock were exchanged, compared to its average volume of 452,973. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The company has a fifty day moving average price of $110.48 and a 200-day moving average price of $100.51. Adtalem Global Education Inc. has a 1-year low of $62.28 and a 1-year high of $140.12. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data 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 company 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 business earned $1.50 EPS. Adtalem Global Education's revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, equities analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has initiated a share buyback plan on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

ATGE has been the topic of several analyst reports. BMO Capital Markets boosted 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. Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price target on the stock. Barrington Research boosted their price target 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. Finally, Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.

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.