Point72 DIFC Ltd Acquires Stake in Adtalem Global Education Inc.

In the third quarter, Point72 DIFC Ltd made a strategic move by acquiring a new position in Adtalem Global Education Inc. (NYSE:ATGE). According to the latest filing with the Securities and Exchange Commission (SEC), this institutional investor purchased 6,835 shares of the company’s stock, which is valued at approximately $516,000.

Several other institutional investors have also recently been active with their holdings in Adtalem Global Education. Notably, Meeder Asset Management Inc. acquired a new stake in the company during the same quarter, which cost around $27,000. Quarry LP showed interest in the second quarter, purchasing a new stake valued at approximately $43,000. In the first quarter, DekaBank Deutsche Girozentrale bought shares worth approximately $53,000. Additionally, GAMMA Investing LLC increased its stake by 116.7% during the second quarter. They now own 804 shares valued at around $55,000 after acquiring an additional 433 shares during this time. Harvest Fund Management Co. Ltd also entered the scene, acquiring a position worth about $123,000 in the third quarter. Overall, institutional investors and hedge funds control a significant 98.84% of Adtalem Global Education’s stock.

Recent Analyst Recommendations

Adtalem Global Education has been featured in various research reports recently. For instance, Barrington Research has raised its price target for the company's stock from $90.00 to $95.00 while giving it an "outperform" rating in a report dated October 30th. StockNews.com adjusted its rating for Adtalem, moving it from a "strong-buy" to a "buy" on October 31st. BMO Capital Markets also increased its price target from $84.00 to $90.00 while maintaining an "outperform" rating.

Stock Performance Overview

On Friday, shares of Adtalem Global Education opened at $91.20. The company has registered a one-year low of $43.78 and a one-year high of $92.93. It boasts a market capitalization of $3.42 billion, with a price-to-earnings ratio of 20.87, a PEG ratio of 1.03, and a beta of 0.96. The fifty-day simple moving average sits at $81.73, while the 200-day average is at $74.75. Additionally, Adtalem holds a current ratio and a quick ratio of 0.94, and the debt-to-equity ratio is 0.47.

In terms of earnings, Adtalem Global Education recently reported its results on October 29th. The company posted earnings per share (EPS) of $1.29 for the quarter, surpassing the consensus estimate of $1.12 by $0.17. It achieved a net margin of 10.55% and a return on equity of 15.63%. The company's revenue for the quarter reached $417.40 million, exceeding the predicted $397.48 million. This performance is a notable increase of 13.2% in revenue compared to the same quarter last year. Analysts project that Adtalem Global Education Inc. will post an EPS of 5.89 for the current year.

Insider Transactions

In insider news, Director William W. Burke sold 4,000 shares of the company's stock on November 29th for an average price of $90.39, providing total revenue of $361,560.00 from the transaction. After this sale, Burke's remaining shares total 11,659, holding a value of about $1,053,857.01, indicating a 25.54% reduction in their ownership. This transaction was disclosed in a filing with the SEC. Another director, Lisa W. Wardell, sold 7,292 shares on September 12th at an average price of $72.10, accruing approximately $525,753.20 from that transaction. Following this sale, Wardell possesses 105,085 shares, valued around $7,576,628.50, representing a 6.49% decrease in their stake. Overall, insiders hold about 2.00% of the company's stock.

Company Overview

Adtalem Global Education Inc. is a provider of workforce solutions globally. Its operations are divided into three main segments: Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment, for instance, offers both degree and non-degree programs in the nursing and healthcare professions, operating primarily through Chamberlain University.

Investment, Stake, Acquisition