Frontier Capital Management Co. LLC Sells 47,684 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Frontier Capital Management Co. LLC decreased its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 658,806 shares of the company's stock after selling 47,684 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 1.77% of Adtalem Global Education worth $59,853,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ATGE. USA Financial Formulas bought a new position in shares of Adtalem Global Education during the fourth quarter valued at $26,000. R Squared Ltd bought a new position in shares of Adtalem Global Education during the fourth quarter valued at $70,000. Parkside Financial Bank & Trust increased its holdings in shares of Adtalem Global Education by 4,850.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 792 shares of the company's stock valued at $72,000 after acquiring an additional 776 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Adtalem Global Education by 196.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 956 shares of the company's stock valued at $86,000 after acquiring an additional 634 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Adtalem Global Education by 774.8% during the fourth quarter. Sterling Capital Management LLC now owns 971 shares of the company's stock valued at $88,000 after acquiring an additional 860 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ATGE shares. BMO Capital Markets raised their price target on Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a report on Monday. Barrington Research lifted their price objective on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group started coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective for the company.

Adtalem Global Education Stock Performance

NYSE ATGE traded down $3.05 during trading hours on Tuesday, hitting $128.84. The company's stock had a trading volume of 336,751 shares, compared to its average volume of 448,072. Adtalem Global Education Inc. has a 12 month low of $62.28 and a 12 month high of $140.12. The company's 50 day simple moving average is $103.88 and its two-hundred day simple moving average is $97.55. The company has a market cap of $4.80 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. The company had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Adtalem Global Education's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the company earned $1.50 EPS. As a group, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the completion of the transaction, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company's stock.

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.