Rhumbline Advisers Has $11.18 Million Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Rhumbline Advisers cut its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 4.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 111,069 shares of the company’s stock after selling 4,977 shares during the quarter. Rhumbline Advisers’ holdings in Adtalem Global Education were worth $11,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Summit Global Investments grew its position in shares of Adtalem Global Education by 33.2% during the 1st quarter. Summit Global Investments now owns 12,551 shares of the company’s stock worth $1,263,000 after buying an additional 3,128 shares during the period. GAMMA Investing LLC grew its holdings in Adtalem Global Education by 11,723.8% during the 1st quarter. GAMMA Investing LLC now owns 173,101 shares of the company’s stock worth $17,421,000 after acquiring an additional 171,637 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Adtalem Global Education during the 4th quarter worth $3,532,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Adtalem Global Education by 23.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,782 shares of the company’s stock worth $8,066,000 after acquiring an additional 17,069 shares during the period. Finally, Westport Asset Management Inc. acquired a new stake in Adtalem Global Education during the 4th quarter worth $11,425,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the transaction, the director now owns 9,368 shares in the company, valued at $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ATGE has been the subject of a number of analyst reports. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 price objective for the company. BMO Capital Markets upped their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Barrington Research raised 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. Finally, Wall Street Zen cut Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

Adtalem Global Education Stock Performance

NYSE:ATGE opened at $121.37 on Tuesday. Adtalem Global Education Inc. has a twelve month low of $62.28 and a twelve month high of $140.12. 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 firm has a market capitalization of $4.52 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.05 and a beta of 0.92. The company has a fifty day moving average of $116.59 and a 200-day moving average of $103.80.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.29. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The firm had revenue of $466.06 million during the quarter, compared to analyst estimates of $447.19 million. During the same period in the previous year, the company posted $1.50 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, sell-side analysts anticipate 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 stock buyback program on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are 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.