Prudential Financial Inc. Boosts Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Prudential Financial Inc. raised its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,438 shares of the company’s stock after buying an additional 6,191 shares during the period. Prudential Financial Inc.’s holdings in Adtalem Global Education were worth $9,216,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System increased its stake in shares of Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company’s stock worth $994,000 after purchasing an additional 110 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Adtalem Global Education by 4.3% during the third quarter. Quantinno Capital Management LP now owns 3,059 shares of the company’s stock valued at $231,000 after purchasing an additional 126 shares during the period. US Bancorp DE increased its position in Adtalem Global Education by 4.8% in the fourth quarter. US Bancorp DE now owns 3,285 shares of the company’s stock worth $298,000 after buying an additional 151 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Adtalem Global Education by 13.8% in the fourth quarter. GAMMA Investing LLC now owns 1,464 shares of the company’s stock worth $133,000 after buying an additional 177 shares during the period. Finally, Glenmede Trust Co. NA lifted its position in shares of Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company’s stock valued at $994,000 after buying an additional 192 shares in the last quarter. 98.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Barrington Research raised their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 18th.

Insider Buying and Selling at Adtalem Global Education

In other news, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the completion of the transaction, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna J. Hrinak sold 4,685 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the sale, the director now owns 12,844 shares in the company, valued at $1,395,885.92. This represents a 26.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,997 shares of company stock valued at $1,386,048 in the last 90 days. Insiders own 2.00% of the company’s stock.

Adtalem Global Education Stock Down 0.9 %

NYSE ATGE opened at $101.99 on Friday. 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 Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The stock’s 50 day moving average is $100.80 and its 200 day moving average is $89.83. The stock has a market cap of $3.80 billion, a PE ratio of 18.99, a P/E/G ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education Company 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.