UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 17,069 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,782 shares of the company's stock after acquiring an additional 17,069 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Adtalem Global Education worth $8,066,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Arizona State Retirement System raised its holdings in shares of Adtalem Global Education by 1.0% during the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after buying an additional 110 shares in the last quarter. Bailard Inc. purchased a new position in shares of Adtalem Global Education during the 4th quarter valued at about $379,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Adtalem Global Education during the 4th quarter valued at about $272,000. Raymond James Financial Inc. purchased a new position in shares of Adtalem Global Education during the 4th quarter valued at about $2,368,000. Finally, Principal Financial Group Inc. increased its stake in Adtalem Global Education by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 200,624 shares of the company's stock worth $18,227,000 after purchasing an additional 7,069 shares during the period. Institutional investors own 98.84% of the company's stock.

Analysts Set New Price Targets

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

Adtalem Global Education Trading Up 0.8%

Shares of ATGE stock traded up $1.09 during trading hours on Monday, reaching $133.12. The company's stock had a trading volume of 393,272 shares, compared to its average volume of 456,915. The stock has a market capitalization of $4.96 billion, a P/E ratio of 24.79, a P/E/G ratio of 1.05 and a beta of 0.86. Adtalem Global Education Inc. has a one year low of $62.28 and a one year high of $140.12. The firm's fifty day simple moving average is $113.50 and its 200 day simple moving average is $102.11. 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 (NYSE:ATGE - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.29. The firm had revenue of $466.06 million for the quarter, compared to analyst estimates of $447.19 million. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. Equities research analysts expect that Adtalem Global Education Inc. will post 6.2 EPS for the current year.

Adtalem Global Education announced that its Board of Directors has authorized a share buyback program on Tuesday, May 6th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

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.