Jane Street Group LLC Has $11.79 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Jane Street Group LLC boosted its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,732 shares of the company's stock after purchasing an additional 17,579 shares during the period. Jane Street Group LLC owned about 0.35% of Adtalem Global Education worth $11,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATGE. Barclays PLC boosted its holdings in shares of Adtalem Global Education by 12.1% in the 3rd quarter. Barclays PLC now owns 66,669 shares of the company's stock valued at $5,031,000 after buying an additional 7,172 shares during the last quarter. Tidal Investments LLC acquired a new stake in Adtalem Global Education in the third quarter valued at $201,000. Franklin Resources Inc. grew its position in shares of Adtalem Global Education by 11.7% in the 3rd quarter. Franklin Resources Inc. now owns 12,138 shares of the company's stock valued at $910,000 after acquiring an additional 1,267 shares during the period. GAMMA Investing LLC increased its stake in shares of Adtalem Global Education by 13.8% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the company's stock worth $133,000 after purchasing an additional 177 shares during the last quarter. Finally, CWA Asset Management Group LLC increased its stake in shares of Adtalem Global Education by 22.2% during the 4th quarter. CWA Asset Management Group LLC now owns 16,958 shares of the company's stock worth $1,541,000 after purchasing an additional 3,081 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

Shares of ATGE traded down $4.06 during midday trading on Monday, reaching $132.19. 296,008 shares of the stock were exchanged, compared to its average volume of 445,537. 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 stock's 50 day simple moving average is $103.25 and its 200 day simple moving average is $97.13. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $144.25. The company has a market cap of $4.93 billion, a P/E ratio of 24.61, a PEG ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued 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 business had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. During the same quarter in the previous year, the company earned $1.50 EPS. The business's revenue was up 12.9% on a year-over-year basis. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its Board of Directors has authorized a share buyback program on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ATGE shares. BMO Capital Markets lifted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Barrington Research increased their price objective on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Jefferies Financial Group started coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price target on the stock.

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 dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the completion of the transaction, the director now owns 8,032 shares of the company's stock, valued at $829,384.32. The trade was a 37.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company's stock.

Adtalem Global Education Company 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.