Point72 Asia Singapore Pte. Ltd. Sells 3,367 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

Point72 Asia Singapore Pte. Ltd. cut its holdings in Adtalem Global Education Inc. (NYSE:ATGE) by 76.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,037 shares of the company’s stock after selling 3,367 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Adtalem Global Education were worth $94,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in Adtalem Global Education by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company’s stock valued at $417,305,000 after acquiring an additional 82,931 shares during the period. Capital World Investors increased its stake in Adtalem Global Education by 5.2% during the fourth quarter. Capital World Investors now owns 1,016,441 shares of the company’s stock valued at $92,344,000 after acquiring an additional 50,000 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Adtalem Global Education by 0.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company’s stock valued at $61,713,000 after acquiring an additional 3,908 shares during the period. Alyeska Investment Group L.P. increased its stake in Adtalem Global Education by 19.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 609,428 shares of the company’s stock valued at $55,367,000 after acquiring an additional 99,491 shares during the period. Finally, Northern Trust Corp increased its stake in Adtalem Global Education by 4.9% during the fourth quarter. Northern Trust Corp now owns 474,224 shares of the company’s stock valued at $43,083,000 after acquiring an additional 22,084 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ATGE. Barrington Research upped their price objective on 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 began coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a “buy” rating and a $135.00 price objective on the stock. BMO Capital Markets upped their price objective on Adtalem Global Education from $115.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, May 12th. Finally, StockNews.com lowered Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 18th.

Adtalem Global Education Trading Up 3.2%

ATGE stock opened at $134.64 on Friday. The firm has a market cap of $5.02 billion, a P/E ratio of 25.07, a P/E/G ratio of 1.05 and a beta of 0.86. Adtalem Global Education Inc. has a 1-year low of $62.28 and a 1-year high of $140.12. The business’s 50 day moving average is $106.95 and its 200-day moving average is $98.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.29. The business had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Adtalem Global Education’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.50 EPS. Equities analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Adtalem Global Education announced that its board has approved a share buyback program on Tuesday, May 6th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication 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.