Pacer Advisors Inc. Boosts Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Pacer Advisors Inc. increased its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 6.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,981 shares of the company’s stock after buying an additional 241 shares during the quarter. Pacer Advisors Inc.’s holdings in Adtalem Global Education were worth $401,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its position in shares of Adtalem Global Education by 17.5% during the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock valued at $173,000 after buying an additional 256 shares during the period. Fifth Third Bancorp increased its stake in Adtalem Global Education by 56.8% during the first quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock worth $29,000 after acquiring an additional 104 shares during the last quarter. Vontobel Holding Ltd. raised its position in Adtalem Global Education by 6.4% in the first quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock valued at $258,000 after purchasing an additional 155 shares during the period. Kendall Capital Management acquired a new position in shares of Adtalem Global Education in the 1st quarter valued at $224,000. Finally, Archford Capital Strategies LLC purchased a new position in shares of Adtalem Global Education during the 1st quarter worth $866,000. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Adtalem Global Education

In other Adtalem Global Education news, Director William W. Burke sold 2,291 shares of the company’s 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 sale, the director owned 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 Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $140.00 price objective on shares of Adtalem Global Education in a report on Wednesday. BMO Capital Markets lifted 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 report on Monday, May 12th. Finally, Jefferies Financial Group assumed coverage on shares of Adtalem Global Education in a report on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price objective on the stock.

Adtalem Global Education Stock Performance

Shares of Adtalem Global Education stock opened at $114.75 on Friday. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50-day moving average of $122.06 and a 200 day moving average of $111.39. Adtalem Global Education Inc. has a 12 month low of $67.30 and a 12 month high of $140.12.

Adtalem Global Education (NYSE:ATGE) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.92 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $447.19 million. During the same quarter last year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Adtalem Global Education Inc. will post 6.2 earnings per share for the current year.

Adtalem Global Education announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Adtalem Global Education

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.