Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 14.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,365 shares of the company's stock after acquiring an additional 9,235 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Adtalem Global Education worth $7,484,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp grew its position in shares of Adtalem Global Education by 56.8% during the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock worth $29,000 after buying an additional 104 shares in the last quarter. Arizona State Retirement System lifted its stake in Adtalem Global Education by 1.0% in the fourth quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock worth $994,000 after acquiring an additional 110 shares during the period. US Bancorp DE grew its holdings in Adtalem Global Education by 4.8% during the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock worth $298,000 after acquiring an additional 151 shares in the last quarter. Quantinno Capital Management LP increased its position in Adtalem Global Education by 5.4% during the 4th quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock valued at $293,000 after purchasing an additional 165 shares during the period. Finally, Summit Investment Advisors Inc. increased its position in Adtalem Global Education by 5.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,922 shares of the company's stock valued at $356,000 after purchasing an additional 194 shares during the period. Hedge funds and other institutional investors own 98.84% of the company's stock.

Insider Activity at Adtalem Global Education

In related news, Director William W. Burke sold 2,291 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total value of $294,049.85. Following the transaction, the director directly owned 9,368 shares of the company's stock, valued at $1,202,382.80. This represents a 19.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ATGE. BMO Capital Markets increased their price objective on shares of Adtalem Global Education from $115.00 to $132.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Barrington Research increased their price target on shares of Adtalem Global Education from $120.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Wall Street Zen cut shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group initiated coverage on shares of Adtalem Global Education in a research note on Wednesday, April 23rd. They set a "buy" rating and a $135.00 price objective for the company.

Adtalem Global Education Stock Up 0.9%

ATGE stock traded up $1.09 on Thursday, hitting $122.92. 287,275 shares of the company's stock were exchanged, compared to its average volume of 445,732. The firm has a 50 day moving average price of $123.69 and a two-hundred day moving average price of $107.54. Adtalem Global Education Inc. has a 12-month low of $66.90 and a 12-month high of $140.12. The stock has a market cap of $4.58 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.83 and a current ratio of 0.83.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.29. The firm had revenue of $466.06 million for the quarter, compared to the consensus estimate of $447.19 million. Adtalem Global Education had a net margin of 13.34% and a return on equity of 17.47%. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. As a group, equities research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

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.