SG Capital Management LLC Has $65.78 Million Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

SG Capital Management LLC cut its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 724,065 shares of the company's stock after selling 75,467 shares during the quarter. Adtalem Global Education makes up approximately 6.4% of SG Capital Management LLC's portfolio, making the stock its biggest position. SG Capital Management LLC owned 1.94% of Adtalem Global Education worth $65,781,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Point72 Asset Management L.P. lifted its stake in shares of Adtalem Global Education by 480.9% in the fourth quarter. Point72 Asset Management L.P. now owns 81,900 shares of the company's stock worth $7,441,000 after acquiring an additional 67,800 shares during the period. ProShare Advisors LLC boosted its stake in shares of Adtalem Global Education by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 11,298 shares of the company's stock valued at $1,026,000 after purchasing an additional 3,473 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Adtalem Global Education by 5.4% during the fourth quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock worth $293,000 after buying an additional 165 shares during the period. Nomura Holdings Inc. raised its stake in Adtalem Global Education by 19.6% during the fourth quarter. Nomura Holdings Inc. now owns 226,317 shares of the company's stock worth $20,561,000 after buying an additional 37,068 shares during the last quarter. Finally, NDVR Inc. acquired a new position in Adtalem Global Education in the fourth quarter valued at $211,000. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ATGE shares. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Barrington Research boosted their price target on Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. BMO Capital Markets raised their price objective 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. Finally, Jefferies Financial Group started coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price on the stock.

Adtalem Global Education Trading Up 0.5%

NYSE ATGE opened at $130.32 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a 52 week low of $62.28 and a 52 week high of $140.12. The business has a 50 day moving average price of $106.14 and a 200-day moving average price of $98.37. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.05 and a beta of 0.86.

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. The firm had revenue of $466.06 million for 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 business's revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 earnings per share. As a group, equities analysts expect that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 6th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

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.

Want to see what other hedge funds are holding ATGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adtalem Global Education Inc. (NYSE:ATGE - Free Report).

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.