State of Alaska Department of Revenue Has $2.08 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

State of Alaska Department of Revenue trimmed its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 3.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,649 shares of the company’s stock after selling 711 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Adtalem Global Education worth $2,078,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ATGE. Boston Partners acquired a new stake in Adtalem Global Education during the fourth quarter worth about $35,990,000. GAMMA Investing LLC grew its stake in Adtalem Global Education by 11,723.8% during the first quarter. GAMMA Investing LLC now owns 173,101 shares of the company’s stock worth $17,421,000 after buying an additional 171,637 shares in the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in Adtalem Global Education by 59.2% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company’s stock worth $36,842,000 after buying an additional 150,835 shares in the last quarter. Westport Asset Management Inc. acquired a new stake in Adtalem Global Education during the fourth quarter worth about $11,425,000. Finally, Norges Bank acquired a new stake in shares of Adtalem Global Education in the 4th quarter valued at approximately $11,157,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Stock Up 2.2%

NYSE:ATGE opened at $127.88 on Tuesday. The firm’s 50 day simple moving average is $120.77 and its 200 day simple moving average is $106.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. Adtalem Global Education Inc. has a one year low of $63.81 and a one year high of $140.12. The company has a market cap of $4.76 billion, a PE ratio of 21.21, a P/E/G ratio of 1.28 and a beta of 0.92.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.63 by $0.29. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The business had revenue of $466.06 million for the quarter, compared to the consensus estimate of $447.19 million. During the same period last year, the company earned $1.50 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, research 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 has initiated a stock repurchase program on Tuesday, May 6th that permits the company to buyback $150.00 million in shares. This buyback authorization permits 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 board believes its shares are undervalued.

Insider Buying and Selling

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 9,368 shares in the company, valued at approximately $1,202,382.80. This trade represents a 19.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ATGE shares. BMO Capital Markets raised their price target 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. Barrington Research raised 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 note on Friday, May 9th. Jefferies Financial Group started coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

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.