Adtalem Global Education Inc. (NYSE:ATGE) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,073 shares of the company's stock after selling 3,851 shares during the period. Alliancebernstein L.P. owned about 0.11% of Adtalem Global Education worth $3,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Adtalem Global Education by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock valued at $417,305,000 after purchasing an additional 82,931 shares in the last quarter. State Street Corp lifted its stake in shares of Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company's stock valued at $115,163,000 after buying an additional 23,464 shares during the period. Arrowstreet Capital Limited Partnership boosted its position 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 worth $61,713,000 after acquiring an additional 3,908 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in Adtalem Global Education by 59.2% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock worth $36,842,000 after acquiring an additional 150,835 shares during the period. Finally, Boston Partners purchased a new position in shares of Adtalem Global Education during the 4th quarter worth $35,990,000. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insiders Place Their Bets

In other Adtalem Global Education news, insider Michael Betz sold 3,500 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $108.57, for a total transaction of $379,995.00. Following the transaction, the insider now owns 16,881 shares in the company, valued at $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the transaction, the director now directly owns 8,032 shares in the company, valued at $829,384.32. This trade represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 over the last ninety days. 2.00% of the stock is owned by company insiders.

Adtalem Global Education Trading Down 0.6 %

Adtalem Global Education stock traded down $0.66 during midday trading on Friday, reaching $106.04. The stock had a trading volume of 434,523 shares, compared to its average volume of 436,655. The stock has a market capitalization of $3.95 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The stock's 50-day simple moving average is $100.78 and its 200 day simple moving average is $93.11. Adtalem Global Education Inc. has a twelve month low of $46.18 and a twelve month high of $112.44.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. Analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ATGE shares. StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. Barrington Research reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Adtalem Global Education in a research note on Tuesday. Finally, BMO Capital Markets raised their target price on shares of Adtalem Global Education from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd.

Adtalem Global Education 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.