Ariel Investments LLC Has $190.17 Million Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Ariel Investments LLC cut its stake in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,093,204 shares of the company's stock after selling 159,155 shares during the period. Adtalem Global Education accounts for 2.0% of Ariel Investments LLC's portfolio, making the stock its 22nd largest position. Ariel Investments LLC owned approximately 5.62% of Adtalem Global Education worth $190,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ATGE. Vanguard Group Inc. grew its holdings in shares of Adtalem Global Education by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 4,593,345 shares of the company's stock valued at $417,305,000 after purchasing an additional 82,931 shares during the last quarter. Capital World Investors increased its holdings in shares of Adtalem Global Education by 5.2% in the 4th quarter. Capital World Investors now owns 1,016,441 shares of the company's stock worth $92,344,000 after acquiring an additional 50,000 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Adtalem Global Education by 0.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 679,289 shares of the company's stock valued at $61,713,000 after purchasing an additional 3,908 shares during the last quarter. Northern Trust Corp boosted its stake in Adtalem Global Education by 4.9% during the 4th quarter. Northern Trust Corp now owns 474,224 shares of the company's stock valued at $43,083,000 after purchasing an additional 22,084 shares during the period. Finally, Neumeier Poma Investment Counsel LLC grew its position in Adtalem Global Education by 59.2% in the 4th 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 last quarter. 98.84% of the stock is currently owned by institutional investors.

Adtalem Global Education Price Performance

NYSE:ATGE traded down $0.92 during mid-day trading on Tuesday, hitting $113.05. The company's stock had a trading volume of 591,277 shares, compared to its average volume of 437,581. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.05 and a beta of 0.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. Adtalem Global Education Inc. has a fifty-two week low of $61.65 and a fifty-two week high of $115.97. The stock has a fifty day moving average of $101.65 and a 200-day moving average of $95.80.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ATGE shares. StockNews.com downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Barrington Research restated an "outperform" rating and issued a $120.00 target price on shares of Adtalem Global Education in a research report on Tuesday, April 15th. Jefferies Financial Group initiated coverage on Adtalem Global Education in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $135.00 price objective on the stock. Finally, 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 research note on Monday, February 3rd.

Insider Buying and Selling at Adtalem Global Education

In related 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 value of $509,165.80. Following the completion of the transaction, the director now directly owns 12,844 shares in the company, valued at approximately $1,395,885.92. The trade was a 26.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the completion of the sale, the insider now owns 16,881 shares in the company, valued at approximately $1,832,770.17. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,997 shares of company stock worth $1,386,048. Insiders own 2.00% of the company's stock.

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.