Jane Street Group LLC Grows Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Jane Street Group LLC grew its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 129,732 shares of the company's stock after purchasing an additional 17,579 shares during the quarter. Jane Street Group LLC owned approximately 0.35% of Adtalem Global Education worth $11,786,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management purchased a new stake in Adtalem Global Education in the 4th quarter valued at $333,000. Comerica Bank raised its holdings in shares of Adtalem Global Education by 13.0% in the fourth quarter. Comerica Bank now owns 45,904 shares of the company's stock valued at $4,170,000 after buying an additional 5,298 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company's stock worth $43,083,000 after buying an additional 22,084 shares during the period. Tudor Investment Corp ET AL grew its holdings in shares of Adtalem Global Education by 2.5% during the fourth quarter. Tudor Investment Corp ET AL now owns 132,806 shares of the company's stock worth $12,065,000 after buying an additional 3,240 shares during the last quarter. Finally, Aquatic Capital Management LLC increased its position in Adtalem Global Education by 54.8% in the 4th quarter. Aquatic Capital Management LLC now owns 16,875 shares of the company's stock valued at $1,533,000 after acquiring an additional 5,975 shares during the period. Institutional investors and hedge funds own 98.84% of the company's stock.

Adtalem Global Education Price Performance

Shares of ATGE traded up $20.40 during mid-day trading on Friday, hitting $136.28. The company's stock had a trading volume of 1,962,597 shares, compared to its average volume of 445,420. The firm has a 50-day simple moving average of $103.25 and a 200 day simple moving average of $96.80. Adtalem Global Education Inc. has a 1-year low of $62.28 and a 1-year high of $136.40. The firm has a market capitalization of $5.08 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.05 and a beta of 0.86. 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 posted 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 company had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. The company's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. Analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its board has authorized a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership 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 Adtalem Global Education 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 $829,384.32. The trade was a 37.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BMO Capital Markets increased their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. 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 objective for the company. Finally, Barrington Research raised their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday.

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.