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

Prudential Financial Inc. boosted its stake in Adtalem Global Education Inc. (NYSE:ATGE) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,438 shares of the company’s stock after acquiring an additional 6,191 shares during the period. Prudential Financial Inc. owned 0.27% of Adtalem Global Education worth $9,216,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

ATGE has been the subject of several recent research reports. BMO Capital Markets raised their price objective on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. StockNews.com cut shares of Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 18th. Finally, Barrington Research raised their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, January 31st.

Adtalem Global Education Price Performance

ATGE opened at $101.99 on Friday. The firm 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. The stock has a 50-day moving average price of $100.80 and a 200-day moving average price of $89.83. Adtalem Global Education Inc. has a 1 year low of $45.18 and a 1 year high of $112.44. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.06 and a quick ratio of 1.06.

Adtalem Global Education (NYSE:ATGE) last released its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. Sell-side analysts predict that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.