Prudential Financial Inc. Increases Position in Adtalem Global Education Inc. (NYSE:ATGE)

Prudential Financial Inc. increased its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,438 shares of the company's stock after purchasing an additional 6,191 shares during the period. Prudential Financial Inc. owned approximately 0.27% of Adtalem Global Education worth $9,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ATGE. Vanguard Group Inc. grew its stake 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 worth $417,305,000 after buying an additional 82,931 shares in the last quarter. State Street Corp lifted its holdings in shares of Adtalem Global Education by 1.6% during the 3rd quarter. State Street Corp now owns 1,525,748 shares of the company's stock worth $115,163,000 after acquiring an additional 23,464 shares during the last quarter. Wellington Management Group LLP grew its position in Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company's stock worth $75,049,000 after acquiring an additional 6,842 shares in the last quarter. Boston Partners bought a new position in Adtalem Global Education in the fourth quarter valued at $35,990,000. Finally, Principal Financial Group Inc. increased its stake in Adtalem Global Education by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock valued at $18,227,000 after acquiring an additional 7,069 shares during the last quarter. 98.84% of the stock is owned by hedge funds and other institutional investors.

Adtalem Global Education Trading Down 4.5 %

Shares of ATGE traded down $4.80 during trading hours on Thursday, hitting $100.98. The company had a trading volume of 424,039 shares, compared to its average volume of 425,100. Adtalem Global Education Inc. has a 52-week low of $45.18 and a 52-week 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 stock's 50 day moving average price is $101.05 and its 200 day moving average price is $90.55. The firm has a market cap of $3.76 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.05 and a beta of 0.95.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, research analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Insiders Place Their Bets

In other news, Director Donna J. Hrinak sold 4,685 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $108.68, for a total transaction of $509,165.80. Following the transaction, the director now directly owns 12,844 shares of the company's stock, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their ownership of the stock. 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 company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now owns 16,881 shares of the company's stock, valued at approximately $1,832,770.17. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,997 shares of company stock valued at $1,386,048 in the last quarter. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. StockNews.com cut Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. 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 note on Friday, January 31st. Finally, BMO Capital Markets lifted 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 note on Monday, February 3rd.

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.