Adtalem Global Education Inc. (NYSE:ATGE) is SG Capital Management LLC’s Largest Position

SG Capital Management LLC lowered its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 724,065 shares of the company’s stock after selling 75,467 shares during the period. Adtalem Global Education comprises 6.4% of SG Capital Management LLC’s holdings, making the stock its largest position. SG Capital Management LLC’s holdings in Adtalem Global Education were worth $65,781,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Boston Partners purchased a new stake in Adtalem Global Education in the fourth quarter worth $35,990,000. Neumeier Poma Investment Counsel LLC increased its holdings in Adtalem Global Education by 59.2% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company’s stock worth $36,842,000 after acquiring an additional 150,835 shares during the last quarter. Norges Bank purchased a new stake in Adtalem Global Education in the 4th quarter worth about $11,157,000. Balyasny Asset Management L.P. raised its stake in Adtalem Global Education by 799.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 130,176 shares of the company’s stock valued at $11,826,000 after acquiring an additional 115,699 shares during the period. Finally, Pier Capital LLC purchased a new stake in Adtalem Global Education during the fourth quarter valued at about $9,114,000. Institutional investors own 98.84% of the company’s stock.

Adtalem Global Education Price Performance

NYSE:ATGE opened at $130.32 on Friday. Adtalem Global Education Inc. has a 52-week low of $62.28 and a 52-week high of $140.12. The stock has a fifty day moving average of $106.14 and a 200 day moving average of $98.37. 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 firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 1.05 and a beta of 0.86.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly 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 the consensus estimate of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. On average, research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education announced that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ATGE shares. BMO Capital Markets lifted their target price on shares of Adtalem Global Education from $115.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday. Barrington Research boosted their target price on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, May 9th. StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group assumed coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a “buy” rating and a $135.00 target price for the company.

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.