Gotham Asset Management LLC lifted its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 15.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,646 shares of the company's stock after purchasing an additional 2,094 shares during the quarter. Gotham Asset Management LLC's holdings in Adtalem Global Education were worth $1,421,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. USA Financial Formulas bought a new stake in shares of Adtalem Global Education in the fourth quarter worth about $26,000. R Squared Ltd bought a new stake in shares of Adtalem Global Education in the fourth quarter worth about $70,000. Parkside Financial Bank & Trust increased its holdings in shares of Adtalem Global Education by 4,850.0% in the fourth 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 last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Adtalem Global Education by 196.9% in the fourth 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 last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Adtalem Global Education by 774.8% in the fourth 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 last quarter. 98.84% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on ATGE shares. BMO Capital Markets lifted their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Barrington Research lifted their price target on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Jefferies Financial Group initiated 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. Finally, StockNews.com lowered Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th.
Get Our Latest Analysis on ATGE
Adtalem Global Education Stock Up 3.2%
Shares of NYSE:ATGE opened at $134.64 on Friday. Adtalem Global Education Inc. has a 1 year low of $62.28 and a 1 year high of $140.12. The business has a 50 day simple moving average of $106.95 and a two-hundred day simple moving average of $98.78. The firm has a market capitalization of $5.02 billion, a PE ratio of 25.07, 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 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. The firm had revenue of $466.06 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. On average, equities analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.
Adtalem Global Education declared that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.
About Adtalem Global Education
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Adtalem Global Education, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Adtalem Global Education wasn't on the list.
While Adtalem Global Education currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
