State Street Corp Purchases 23,464 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

State Street Corp raised its position in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 1.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,525,748 shares of the company's stock after acquiring an additional 23,464 shares during the period. State Street Corp owned approximately 4.07% of Adtalem Global Education worth $115,163,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantinno Capital Management LP lifted its position 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 buying an additional 126 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Adtalem Global Education by 1.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 13,165 shares of the company's stock worth $994,000 after purchasing an additional 192 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Adtalem Global Education by 1.2% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,687 shares of the company's stock worth $1,343,000 after purchasing an additional 233 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Adtalem Global Education by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 21,162 shares of the company's stock valued at $1,443,000 after buying an additional 283 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Adtalem Global Education in the 3rd quarter worth approximately $27,000. Institutional investors own 98.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barrington Research lifted their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, BMO Capital Markets increased their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th.

Insider Activity at Adtalem Global Education

In other news, Director William W. Burke sold 4,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the sale, the director now directly owns 11,659 shares in the company, valued at approximately $1,053,857.01. This represents a 25.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by company insiders.

Adtalem Global Education Price Performance

Shares of NYSE ATGE traded up $2.72 during trading hours on Monday, reaching $91.47. 301,982 shares of the stock traded hands, compared to its average volume of 456,007. The company's 50-day simple moving average is $83.58 and its two-hundred day simple moving average is $75.88. The company has a market capitalization of $3.43 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.96. Adtalem Global Education Inc. has a 52-week low of $43.78 and a 52-week high of $92.93. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million during the quarter, compared to analysts' expectations of $397.48 million. During the same quarter in the prior year, the company earned $0.93 EPS. The firm's revenue was up 13.2% on a year-over-year basis. Equities research analysts forecast that Adtalem Global Education Inc. will post 5.89 EPS for the current 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.