Xponance Inc. Increases Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Xponance Inc. lifted its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 5.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,040 shares of the company’s stock after buying an additional 151 shares during the period. Xponance Inc.’s holdings in Adtalem Global Education were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ATGE. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 171,637 shares during the last quarter. Neumeier Poma Investment Counsel LLC raised its position in shares of Adtalem Global Education by 59.2% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company’s stock worth $36,842,000 after purchasing an additional 150,835 shares during the last quarter. Westport Asset Management Inc. acquired a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $11,425,000. Norges Bank acquired a new position in shares of Adtalem Global Education during the 4th quarter worth approximately $11,157,000. Finally, Balyasny Asset Management L.P. raised its position in shares of Adtalem Global Education by 799.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company’s stock worth $11,826,000 after purchasing an additional 115,699 shares during the last quarter. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Trading Up 0.2%

Shares of Adtalem Global Education stock opened at $116.77 on Friday. Adtalem Global Education Inc. has a fifty-two week low of $67.30 and a fifty-two week high of $140.12. The firm has a market cap of $4.35 billion, a PE ratio of 19.36, a P/E/G ratio of 1.04 and a beta of 0.90. The business’s fifty day moving average is $125.36 and its two-hundred day moving average is $109.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.29. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. The company had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. During the same quarter in the prior year, the company posted $1.50 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education declared that its Board of Directors has authorized a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

ATGE has been the subject of several research reports. Jefferies Financial Group initiated coverage on 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. Barrington Research lifted their price objective 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. Finally, BMO Capital Markets increased their price target on Adtalem Global Education from $115.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, May 12th.

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 on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the transaction, the director owned 9,368 shares of the company’s stock, valued at $1,202,382.80. This represents a 19.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

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.