Allspring Global Investments Holdings LLC Has $7.60 Million Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Allspring Global Investments Holdings LLC lowered its position in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,618 shares of the company's stock after selling 18,139 shares during the period. Allspring Global Investments Holdings LLC owned 0.22% of Adtalem Global Education worth $7,597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. acquired a new stake in Adtalem Global Education during the third quarter worth approximately $2,314,000. State Street Corp grew its position in Adtalem Global Education by 1.6% during the third quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after buying an additional 23,464 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in Adtalem Global Education during the fourth quarter worth approximately $614,000. Barclays PLC grew its position in Adtalem Global Education by 12.1% during the third quarter. Barclays PLC now owns 66,669 shares of the company's stock worth $5,031,000 after buying an additional 7,172 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Adtalem Global Education by 130.1% during the third quarter. Victory Capital Management Inc. now owns 33,650 shares of the company's stock worth $2,540,000 after buying an additional 19,026 shares in the last quarter. Institutional investors own 98.84% of the company's stock.

Insider Activity

In related news, Director William W. Burke sold 4,000 shares of the firm's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $90.39, for a total transaction of $361,560.00. Following the completion of the transaction, the director now directly owns 11,659 shares of the company's stock, valued at $1,053,857.01. This trade represents a 25.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna J. Hrinak sold 4,812 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $829,384.32. This represents a 37.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,997 shares of company stock worth $1,747,608. Insiders own 2.00% of the company's stock.

Adtalem Global Education Price Performance

Shares of ATGE traded down $7.61 during trading hours on Friday, reaching $97.66. The stock had a trading volume of 530,965 shares, compared to its average volume of 422,932. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.43. The stock has a market capitalization of $3.64 billion, a PE ratio of 18.19, a PEG ratio of 1.13 and a beta of 0.97. 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 company's 50-day moving average is $97.88 and its two-hundred day moving average is $85.42.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, beating 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%. Research 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 weighed in on ATGE shares. Barrington Research raised their target price on Adtalem Global Education from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, January 31st. BMO Capital Markets raised their target price on Adtalem Global Education from $108.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, StockNews.com downgraded Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st.

About Adtalem Global Education

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.