Wellington Management Group LLP Boosts Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Wellington Management Group LLP lifted its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 994,292 shares of the company's stock after purchasing an additional 6,842 shares during the period. Wellington Management Group LLP owned about 2.65% of Adtalem Global Education worth $75,049,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Adtalem Global Education in the 3rd quarter valued at approximately $27,000. Quarry LP acquired a new position in shares of Adtalem Global Education during the second quarter worth $43,000. GAMMA Investing LLC increased its holdings in Adtalem Global Education by 60.1% in the third quarter. GAMMA Investing LLC now owns 1,287 shares of the company's stock valued at $97,000 after buying an additional 483 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Adtalem Global Education in the third quarter valued at $123,000. Finally, Gladius Capital Management LP acquired a new stake in Adtalem Global Education in the second quarter valued at $142,000. 98.84% of the stock is owned by institutional investors and hedge funds.

Adtalem Global Education Stock Performance

Shares of NYSE ATGE traded up $0.53 during trading hours on Wednesday, reaching $88.80. The stock had a trading volume of 233,589 shares, compared to its average volume of 458,062. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.03 and a beta of 0.96. The firm has a 50-day moving average of $82.24 and a 200-day moving average of $75.20. Adtalem Global Education Inc. has a fifty-two week low of $43.78 and a fifty-two week high of $92.93.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.17. Adtalem Global Education had a net margin of 10.55% and a return on equity of 15.63%. The company had revenue of $417.40 million for the quarter, compared to the consensus estimate of $397.48 million. During the same period last year, the firm posted $0.93 EPS. Adtalem Global Education's revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts predict that Adtalem Global Education Inc. will post 5.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barrington Research increased their price objective on Adtalem Global Education from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. BMO Capital Markets increased their price target on shares of Adtalem Global Education from $84.00 to $90.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In other news, Director Lisa W. Wardell sold 7,292 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $72.10, for a total value of $525,753.20. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at approximately $7,576,628.50. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William W. Burke sold 4,000 shares of the business's stock in a transaction dated Friday, November 29th. The stock was 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 approximately $1,053,857.01. This trade represents a 25.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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.