Choreo LLC Sells 410 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Choreo LLC lessened its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 16.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,142 shares of the company’s stock after selling 410 shares during the quarter. Choreo LLC’s holdings in Adtalem Global Education were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Horizon Investment Services LLC bought a new stake in shares of Adtalem Global Education in the first quarter worth about $413,000. Allianz Asset Management GmbH increased its holdings in shares of Adtalem Global Education by 58.2% in the first quarter. Allianz Asset Management GmbH now owns 409,437 shares of the company’s stock worth $41,206,000 after acquiring an additional 150,702 shares in the last quarter. Forum Financial Management LP bought a new stake in shares of Adtalem Global Education in the first quarter worth about $247,000. Bailard Inc. increased its holdings in shares of Adtalem Global Education by 21.6% in the first quarter. Bailard Inc. now owns 5,071 shares of the company’s stock worth $510,000 after acquiring an additional 900 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in shares of Adtalem Global Education in the first quarter worth about $375,000. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Stock Down 0.0%

NYSE:ATGE opened at $113.93 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $4.25 billion, a PE ratio of 18.89, a PEG ratio of 1.02 and a beta of 0.90. Adtalem Global Education Inc. has a 52-week low of $67.30 and a 52-week high of $140.12. The stock has a 50-day simple moving average of $122.62 and a 200 day simple moving average of $111.12.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.29. The business had revenue of $466.06 million during the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. Adtalem Global Education’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. On average, sell-side analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its board has initiated 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 repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ATGE. Barrington Research restated an “outperform” rating and issued a $140.00 price target on shares of Adtalem Global Education in a report on Wednesday. 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 report on Monday, May 12th. Finally, Jefferies Financial Group began coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price target for the company.

Insider Activity

In related news, Director William W. Burke sold 2,291 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the transaction, the director directly owned 9,368 shares in the company, valued at approximately $1,202,382.80. This trade represents a 19.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Adtalem Global Education 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.