Adtalem Global Education Inc. (NYSE:ATGE) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 29.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,917 shares of the company’s stock after acquiring an additional 8,517 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Adtalem Global Education worth $3,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ATGE. Vontobel Holding Ltd. acquired a new stake in Adtalem Global Education during the fourth quarter valued at approximately $218,000. New York State Teachers Retirement System lifted its stake in Adtalem Global Education by 5.2% during the fourth quarter. New York State Teachers Retirement System now owns 56,986 shares of the company’s stock valued at $5,177,000 after purchasing an additional 2,832 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Adtalem Global Education by 3.7% during the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock valued at $18,227,000 after purchasing an additional 7,069 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Adtalem Global Education by 11.7% during the fourth quarter. Sanctuary Advisors LLC now owns 24,116 shares of the company’s stock valued at $2,191,000 after purchasing an additional 2,529 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Adtalem Global Education by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 8,395 shares of the company’s stock valued at $763,000 after purchasing an additional 200 shares during the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Adtalem Global Education

In other news, Director William W. Burke sold 2,291 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $128.35, for a total transaction of $294,049.85. Following the transaction, the director now owns 9,368 shares in the company, 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 can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ATGE. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Wall Street Zen lowered shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th. Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a research report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price target for the company. Finally, Barrington Research upped their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, May 9th.

Adtalem Global Education Stock Up 1.6%

Shares of NYSE:ATGE opened at $121.84 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $4.54 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.92. Adtalem Global Education Inc. has a 52 week low of $62.70 and a 52 week high of $140.12. The firm has a 50 day simple moving average of $118.26 and a 200 day simple moving average of $104.61.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating the consensus estimate 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 net margin of 12.34% and a return on equity of 16.82%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. As a group, research analysts expect 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 approved a stock buyback program on Tuesday, May 6th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership 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.