Allspring Global Investments Holdings LLC Grows Position in Adtalem Global Education Inc. (NYSE:ATGE)

Allspring Global Investments Holdings LLC boosted its stake in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 111.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,511 shares of the company’s stock after purchasing an additional 51,287 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.26% of Adtalem Global Education worth $6,651,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. New York State Common Retirement Fund raised its holdings in Adtalem Global Education by 65.2% in the fourth quarter. New York State Common Retirement Fund now owns 30,498 shares of the company’s stock valued at $1,798,000 after buying an additional 12,042 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Adtalem Global Education in the 4th quarter worth approximately $264,000. Russell Investments Group Ltd. increased its stake in Adtalem Global Education by 478.5% during the fourth quarter. Russell Investments Group Ltd. now owns 20,369 shares of the company’s stock valued at $1,201,000 after purchasing an additional 16,848 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Adtalem Global Education by 127.9% in the fourth quarter. Victory Capital Management Inc. now owns 26,719 shares of the company’s stock worth $1,575,000 after acquiring an additional 14,994 shares during the last quarter. Finally, Natixis Advisors L.P. bought a new position in Adtalem Global Education during the 4th quarter worth $628,000. 98.84% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Adtalem Global Education

In related news, Director Lisa W. Wardell sold 24,637 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $75.60, for a total value of $1,862,557.20. Following the completion of the sale, the director now owns 105,085 shares in the company, valued at approximately $7,944,426. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Lisa W. Wardell sold 24,637 shares of Adtalem Global Education stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $75.60, for a total transaction of $1,862,557.20. Following the transaction, the director now owns 105,085 shares in the company, valued at $7,944,426. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Manjunath Gangadharan sold 944 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $75.40, for a total value of $71,177.60. Following the completion of the sale, the chief accounting officer now directly owns 4,720 shares of the company’s stock, valued at $355,888. The disclosure for this sale can be found here. Insiders have sold a total of 92,911 shares of company stock valued at $6,748,503 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ATGE has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Adtalem Global Education from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. StockNews.com raised Adtalem Global Education from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Adtalem Global Education in a research note on Thursday.

Adtalem Global Education Stock Up 0.3 %

Shares of Adtalem Global Education stock opened at $75.71 on Friday. Adtalem Global Education Inc. has a 12-month low of $41.89 and a 12-month high of $80.18. The firm has a market capitalization of $2.85 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 0.90 and a beta of 0.97. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $72.97 and its 200-day moving average is $61.28.

Adtalem Global Education (NYSE:ATGE) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.09. Adtalem Global Education had a return on equity of 14.06% and a net margin of 7.12%. The firm had revenue of $409.91 million for the quarter, compared to analysts’ expectations of $398.64 million. During the same quarter last year, the business posted $1.03 EPS. Adtalem Global Education’s revenue was up 12.4% on a year-over-year basis. Equities analysts anticipate that Adtalem Global Education Inc. will post 4.9 earnings per share for the current year.

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.