UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.41 Million Stock Position in Adtalem Global Education Inc. (NYSE:ATGE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 12.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,713 shares of the company's stock after selling 10,646 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Adtalem Global Education worth $5,413,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. PEAK6 Investments LLC raised its position in shares of Adtalem Global Education by 29.4% during the third quarter. PEAK6 Investments LLC now owns 41,932 shares of the company's stock valued at $3,165,000 after buying an additional 9,529 shares during the last quarter. Glenmede Trust Co. NA increased its stake in 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 acquiring an additional 192 shares during the period. Bank of Montreal Can raised its holdings in Adtalem Global Education by 0.8% in the 3rd quarter. Bank of Montreal Can now owns 54,494 shares of the company's stock valued at $4,099,000 after acquiring an additional 450 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Adtalem Global Education in the 3rd quarter worth approximately $123,000. Finally, Cerity Partners LLC grew its holdings in shares of Adtalem Global Education by 19.1% during the 3rd quarter. Cerity Partners LLC now owns 6,895 shares of the company's stock worth $520,000 after purchasing an additional 1,105 shares in the last quarter. 98.84% of the stock is owned by institutional investors.

Insider Activity

In related news, Director William W. Burke sold 4,000 shares of the company's 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 transaction, the director now owns 11,659 shares in the company, valued at $1,053,857.01. This represents a 25.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ATGE has been the subject of a number of recent research reports. BMO Capital Markets upped their target price on Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Barrington Research increased their price objective on shares of Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

Adtalem Global Education Price Performance

NYSE:ATGE traded up $0.64 during trading hours on Thursday, reaching $89.45. The company had a trading volume of 331,698 shares, compared to its average volume of 457,535. The firm has a market capitalization of $3.35 billion, a PE ratio of 20.53, a PEG ratio of 1.03 and a beta of 0.96. The stock has a 50-day moving average of $82.54 and a two-hundred day moving average of $75.29. Adtalem Global Education Inc. has a one year low of $43.78 and a one year 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 earnings results on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.17. The business had revenue of $417.40 million during the quarter, compared to analysts' expectations of $397.48 million. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. Analysts forecast that Adtalem Global Education Inc. will post 5.89 earnings per share 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.