Zurcher Kantonalbank Zurich Cantonalbank Has $1.20 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 1.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,880 shares of the company’s stock after buying an additional 129 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Adtalem Global Education were worth $1,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATGE. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Adtalem Global Education by 10,488.9% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 953 shares of the company’s stock worth $96,000 after purchasing an additional 944 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Adtalem Global Education by 6.4% during the 1st quarter. Pacer Advisors Inc. now owns 3,981 shares of the company’s stock worth $401,000 after purchasing an additional 241 shares in the last quarter. Navellier & Associates Inc. acquired a new stake in shares of Adtalem Global Education during the 1st quarter worth approximately $635,000. Convergence Investment Partners LLC acquired a new stake in shares of Adtalem Global Education during the 1st quarter worth approximately $277,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Adtalem Global Education by 47.4% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 57,293 shares of the company’s stock worth $5,766,000 after purchasing an additional 18,419 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Jefferies Financial Group assumed coverage on Adtalem Global Education in a research report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 target price for the company. Barrington Research restated 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, BMO Capital Markets raised 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.

Insider Transactions 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 that occurred on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Adtalem Global Education Stock Up 0.4%

Shares of Adtalem Global Education stock opened at $114.75 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.39. Adtalem Global Education Inc. has a 12 month low of $67.30 and a 12 month high of $140.12. The business has a fifty day simple moving average of $122.06 and a 200 day simple moving average of $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.

Adtalem Global Education (NYSE:ATGE) last posted its earnings results on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.29. The firm had revenue of $466.06 million during 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 company’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 earnings per share. Research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

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