Arrowstreet Capital Limited Partnership Has $61.71 Million Stake in Adtalem Global Education Inc. (NYSE:ATGE)

Arrowstreet Capital Limited Partnership grew its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679,289 shares of the company's stock after buying an additional 3,908 shares during the period. Arrowstreet Capital Limited Partnership owned 1.82% of Adtalem Global Education worth $61,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position 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 acquiring an additional 82,931 shares during the period. State Street Corp increased its holdings 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 purchasing an additional 23,464 shares during the period. Wellington Management Group LLP raised its stake in shares of Adtalem Global Education by 0.7% during the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock valued at $75,049,000 after purchasing an additional 6,842 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its holdings in Adtalem Global Education by 59.2% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 405,530 shares of the company's stock worth $36,842,000 after purchasing an additional 150,835 shares during the period. Finally, Boston Partners bought a new position in Adtalem Global Education in the 4th quarter valued at about $35,990,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

Adtalem Global Education Price Performance

Adtalem Global Education stock traded down $2.84 during midday trading on Friday, hitting $98.08. The company's stock had a trading volume of 794,391 shares, compared to its average volume of 426,748. Adtalem Global Education Inc. has a 12 month low of $45.18 and a 12 month high of $112.44. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3.65 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.95. The stock's 50-day moving average price is $101.02 and its 200-day moving average price is $90.96.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $1.81 EPS for the quarter, topping 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%. Analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Adtalem Global Education

In other Adtalem Global Education news, Director Donna J. Hrinak sold 4,812 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total transaction of $496,887.12. Following the sale, the director now owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the firm'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 completion of the transaction, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,997 shares of company stock valued at $1,386,048. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATGE. BMO Capital Markets boosted their price target 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. StockNews.com lowered shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Finally, Barrington Research upped their target price on Adtalem Global Education from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st.

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.