Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lowered its position in Adtalem Global Education Inc. (NYSE:ATGE) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,652 shares of the company’s stock after selling 5,269 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.19% of Adtalem Global Education worth $7,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ATGE. GAMMA Investing LLC increased its holdings in Adtalem Global Education by 17.5% in the 1st quarter. GAMMA Investing LLC now owns 1,720 shares of the company’s stock valued at $173,000 after purchasing an additional 256 shares in the last quarter. Fifth Third Bancorp increased its holdings in Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company’s stock valued at $29,000 after purchasing an additional 104 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company’s stock valued at $258,000 after purchasing an additional 155 shares in the last quarter. Kendall Capital Management acquired a new stake in Adtalem Global Education in the 1st quarter valued at $224,000. Finally, Archford Capital Strategies LLC acquired a new stake in Adtalem Global Education in the 1st quarter valued at $866,000. Institutional investors and hedge funds own 98.84% of the company’s stock.

Insider Buying and Selling at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 9,368 shares of the company’s stock, valued at $1,202,382.80. The trade was a 19.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATGE. BMO Capital Markets lifted their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Barrington Research reaffirmed an “outperform” rating and set a $140.00 target price on shares of Adtalem Global Education in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group began coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 target price on the stock.

Adtalem Global Education Stock Performance

ATGE opened at $114.75 on Monday. The business’s 50 day moving average is $122.06 and its 200-day moving average is $111.59. The stock has a market cap of $4.28 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.02 and a beta of 0.88. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a twelve month low of $67.30 and a twelve month high of $140.12.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.29. The company had revenue of $466.06 million for the quarter, compared to analysts’ expectations of $447.19 million. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 earnings per share. On average, analysts predict 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 approved a stock buyback program on Tuesday, May 6th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

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.